Afternoon market quickly surged upward, with prices breaking through our previous bearish expectation range, currently facing resistance and oscillating at high levels. From the market perspective, this rebound is a technical correction within a downtrend and has not formed sustained reversal momentum; the signal of stagnation at high levels has already appeared. Our core strategy remains unchanged, primarily focusing on short positions in line with the trend, just shifting the entry window upward, continuing to follow short positions near the strong resistance levels around the current highs, aiming for a second decline after a rally.



Trading suggestions:
Bitcoin around 8,000-8,050, target down to 7,860
Ethereum around 2,310-2,330, target down to 2,260
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