The intra-day Bitcoin rebounded slightly from around 77,300 in the early morning, reaching a high of about 78,150 before facing resistance as expected, then steadily declined throughout the afternoon, with the lowest point at around 76,700 in the evening. The overall trend perfectly aligns with our early morning bearish rebound strategy. Ethereum moved in sync, rebounding from 2,120 to 2,157 and facing resistance, then continued to decline from 2,147 in the afternoon, with a low of 2,103 in the evening. Currently, prices are consolidating around 2,135. The market once again confirms the point we repeatedly emphasize — in a weak consolidation trend, rebounds are opportunities to short, and retesting the bottom of the oscillation can also be a good time to add long positions. Today has been a day of both bulls and bears gaining.

From a structural perspective, this small rebound in the early morning was mainly a technical oversold correction. After the correction, the market was still firmly suppressed by the downward trend line, with rebound momentum gradually weakening, which is a typical continuation of a weak trend. Trading volume remains low, and volatility continues to narrow, indicating that buyers are less willing to buy, market consensus is weak, and there is a lack of foundation for a reversal. The subsequent pattern is likely to continue the “time for space” box-range oscillation, with the oscillation center gradually shifting downward in a step-like manner, with highs getting lower and lows being repeatedly tested, maintaining a complete bearish structure.

Operationally, maintain the high short strategy and do not be fooled by short-term minor rebounds. Be patient and wait for a rebound to key resistance levels before entering. For Bitcoin, focus on shorting near 78,000 with a target below 76,500. For Ethereum, watch for resistance around 2,150 to short, with a target near 2,080. #TradFi交易分享挑战 $BTC ‌$ETH ‌