Bitcoin drops to around 60,800 in the early morning and finds support, then rebounds to near 62,200 but faces resistance. Currently, it hovers around 61,800 with sideways consolidation. Yesterday, our short-selling strategy was again executed successfully, with the safety landing of Pan Zhong Bu Ju, and steady profits.

The four-hour chart shows the price falling below the middle band of the Bollinger Bands, then slightly rebounding after touching the lower band support. The three Bollinger Bands are slowly converging, and the volatility range is compressing. There is no strong breakout momentum, and the market remains in a range-bound oscillation. The hourly chart once dipped below the lower band, but the rebound was weak with insufficient bullish momentum, and the price faced downward pressure. The overall weak trend has not changed, so the operation should mainly focus on shorting on rallies.

Bitcoin rebounds near 62,200-62,800 to short, with targets at 60,800, 60,000, and 59,000.

Ethereum rebounds near 1,660-1,700 to short, with $BTC targets at 1,610, 1,560, and 1,500.