Reviewing yesterday's market sentiment, Bitcoin traded within a narrow range of 71,000 to 73,000, without showing a significant trend. This morning, a long bullish candle appeared, with the bulls suddenly gaining momentum, pushing the price briefly up to around 64,250 before facing resistance, then pulling back to around 63,000 to stabilize. Ethereum moved in sync with Bitcoin, initially rising to a high of 1,721 before facing resistance and pulling back to around 1,680, fluctuating up and down. After Yang's post yesterday, he strategically entered a position in Dan Kong Dan, successfully capturing 613 points of profit. The market is essentially transferring gold from impatient hands to patient ones. Often, what truly determines the outcome is not technical analysis but mindset; not ability but patience.

From the current market perspective, Bitcoin's daily chart shows a series of long downward candles followed by a long lower shadow bullish candle. Although this signals a potential bottoming and rebound, it remains within a medium-term downtrend channel. The Bollinger Bands are opening downward, having previously broken below the lower band support. Currently, the price has returned to the lower and middle bands, with the middle band at 65,800 forming a strong resistance level. The four-hour Bollinger Bands are narrowing and flattening, with the price crossing above the lower band and approaching the middle band at 63,800, indicating a clear oscillation and rebound pattern. However, the volume of the bullish rebound remains weak, with resistance levels layered above, suppressing upward movement. Overall, the major downtrend remains unchanged, still in a rebound correction after being oversold, not a reversal.

In the afternoon, short positions are recommended at 63,300-63,800 for Bitcoin, targeting around 62,000.
In the afternoon, short positions are recommended at 1,700-1,730 for Ethereum, #比特币回升5% targeting around 1,600.