Reviewing the intraday market movements, Bitcoin rebounded to 60,666 early yesterday before facing resistance and falling back. During the day, bears continued to release momentum, breaking through the key support at 59,000 and hitting a low of 58,160 before stabilizing and recovering. Ethereum's trend followed Bitcoin, dropping from a high of 1,637 to support at 1,549, currently oscillating around 1,570. Recently, we have been consistently deploying a bearish strategy, and the overall market structure has largely met expectations. By understanding the trend, profits come naturally.

From the current chart, Bitcoin's daily Bollinger Bands are narrowing, and volatility continues to compress. The price is moving tightly below the mid-band and near the lower band, with strong support at 58,000. It is currently oscillating in a narrow range between 58,300 and 60,500. The MACD's two lines have formed a small golden cross underwater, but the red bars are extremely short, indicating insufficient volume. Any current rebound should be viewed as a technical recovery after overselling, not a reversal trend. On the four-hour level, small bullish and bearish candles alternate without consecutive bullish candles. The rebound's green bars are extremely small, showing a weak structure of price rebounding without volume and falling with volume. Therefore, the operational approach remains bearish-centric.

For the midnight session, Bitcoin can be shorted at 59,000-59,500, targeting around 58,000.
For the midnight session, Ethereum can be shorted at 1,580-1,610, targeting around 1,500. #Solana生态ANSEM暴涨 $BTC ‌$ETH ‌