A big rise without greed for the top, never blindly go all-in chasing highs at high levels; a big drop without panic, key supports should not be easily cut off, giving up cheap chips.

The essence of long-term trading has never been about getting rich overnight, but prioritizing risk control, following the trend, and uniting knowledge and action. During volatile markets, hold back; in trending markets, hold steady; steadily advancing with compound interest, time will reward disciplined traders best.
Yesterday, Bitcoin surged all the way up, reaching a new high of 82,828. After the bulls' extreme breakout, profit-taking concentrated at high levels, and the bears' power was fully unleashed. The price started a cliff-like decline, continuing downward during the daytime session, with the lowest point retracing to around 79,137 before stabilizing and stopping the fall. The largest single-day retracement exceeded 3,700 points. Retail investors who chased highs earlier were mostly trapped and suffered losses repeatedly. After hitting strong support at the low, the market began a technical rebound after oversold conditions, slowly oscillating upward in the afternoon, re-breaking above 80,000. As of the evening close, it remained in a narrow range around 80,200, linked with Ethereum's movement, which also retreated from high levels, with a slight rebound after the low. Overall volatility was synchronized with Bitcoin, with weaker rebound strength. The intraday trading involved two short positions and one long position: the first short entered at 80,325 and exited at 79,702 for a profit of 623 points; the second short entered at 79,758 and exited at 79,256 for a profit of 502 points. Meanwhile, a long position was entered at 79,369 and exited at 80,023 for a profit of 654 points; Ethereum's short was entered at 2,298 and exited at 2,265 for a profit of 33 points.
From the current market situation, bulls and bears are in a tense standoff, closing around 80,200 with sideways consolidation. The price precisely bounced off the lower Bollinger Band, then rebounded, currently trading below the middle Bollinger Band (80,859). The upper middle and upper bands (80,800-82,440) exert strong resistance. The larger-scale rally has entered a high-level correction and consolidation cycle. The KDJ indicator's three lines are turning upward from oversold territory, indicating short-term rebound momentum has been activated and has the potential to continue upward correction, but it has not entered a strong bullish zone—this is just a technical recovery after a decline, not a new major reversal. The death cross at high levels persists, with green volume bars continuing to grow. The bear's long-term adjustment force has not been fully exhausted. The current rebound is only a short-term correction, and the overall downward structure has not been completely reversed.
Bitcoin: Short around 80,500, target 79,000
Ethereum: Short around 2,310, target 2,200