On Thursday, bears don't talk about the bottom; the waterfall crash has just begun!

When the waterfall crash comes, are you on the right side? Yesterday's rebound to 630, we posted and streamed multiple times across the network, reminding shorting, giving the prediction to break 6, and continuously issuing multiple short orders, all in position! Are your bearish beliefs firm? If given another chance to choose, what would you do?

Now, bulls and bears are at a crossroads again. After yesterday's big drop to 59000, Micron's earnings report came out, directly reversing the decline of the U.S. stock market. Bitcoin also rebounded 2200 points, reaching a high of 61200. However, Micron's power is limited; relying on a single company is still difficult to turn the tide. After all, before the earnings, the market's enthusiasm for AI was already very high, and its stock price has risen over 40% this year. Many positive factors have already been priced in, and the expectation of a strong rally for the broader market is not high. This earnings report mostly confirms that demand for AI hardware remains strong, alleviating some concerns, but it is not enough to reverse macro uncertainties.

Secondly, several bearish sectors are also making the market tremble with fear.

1. The yellow-haired one said there might be special tariffs on China.

2. Tonight's PCE inflation data is also a key guide for the Fed's interest rate hike expectations. Currently, market sentiment is relatively weak.

3. The Mt. Gox compensation will be implemented on June 30, totaling 140k BTC. Some creditors will choose to sell after receiving the coins, bringing continuous selling pressure in the short term. This is the biggest on-chain bearish risk this week.

4. The expectation of hawkish remarks from the Federal Reserve is gradually fermenting.

5. End-of-month capital repatriation.

6. The Japanese and Korean stock markets are on the brink of collapse at any moment.

In this context, it is difficult to see a large rebound background. Institutions understand the current market rhythm better than we do. 59000 has been tested multiple times, and the rebound momentum has gradually decreased. This time, the drop will make you doubt life. If the momentum is a bit stronger, it will reach 48600. As for Ethereum, it looks strong on the surface but is actually as fragile as a piece of paper. When an avalanche happens, no snowflake is innocent. Ethereum at 900 is not too far away.

At this moment, remember the five-word mantra: go with the trend lightly!

In terms of operations, Bitcoin: in the afternoon, lightly short in the 61000 area, hold for swings, add shorts on rebounds, target 54800, ultimate target 48600, lowering step by step.

Ethereum: swing short in the 1620-30 area, add shorts in batches on rebounds, target 1260 to 900.

Short while you can! Bottom-fishing? Proceed with caution!$BTC $ETH #BTC下探60000美元关键关口 #美光财报超预期盘后大涨 $ETH $BTC #比特币跌破200周均线