$BTC Looking back at today's intraday market, Bitcoin rebounded to 60666 early yesterday before facing resistance and falling back. During the day, bearish momentum continued to increase, breaking through the key support level of 59000, and hitting a low of 58160 before stabilizing and recovering. Ethereum followed Bitcoin's trend, dropping from a high of 1637 to support at 1549, and is currently oscillating around 1570. Recently, we have been consistently using a bearish strategy, and the overall market structure has largely met expectations. Understanding the trend makes it easy to capture profits.

From the current chart, Bitcoin's daily Bollinger Bands are narrowing, and volatility continues to compress. The price is moving along the lower band below the middle band, with strong support at 58000 below. It is currently oscillating in a narrow range between 58300 and 60500. The MACD lines have formed a slight golden cross at a low level below the zero line, but the red bars are extremely short, indicating insufficient volume. The current rebound should be seen as a technical correction after overselling, not a reversal trend. On the 4-hour level, small bullish and bearish candles alternate, with no continuous bullish candles. The green bars of the rebound are very small, and the price shows a weak structure with no volume on rebounds and increasing volume on declines. Therefore, the trading strategy remains mainly bearish.

Midnight: Bitcoin can be shorted at 59000-59500, targeting around 58000.
Midnight: Ethereum can be shorted at 1580-1610, targeting around 1500.