From the four-hour chart, it’s clear that this round of rebound is under heavy pressure. The bulls lack sustained upward momentum. At this stage, the rebound is only a short-term repair after the sell-off, and the overall bearish structure remains unchanged.

Pay close attention to whether the 61,500 support level holds or breaks. If support is lost, the market will enter a new round of downside. From a trading perspective, it’s more prudent to wait for the price to rebound into the resistance zone, then short in line with the trend.

Short BTC in the 63,000–63,500 area on the rebound. Staged targets: 61,500–60,800–60,000.

Short ETH in the 1,800–1,830 area on the rebound. Staged targets: 1,760–1,730–1,700.