The all-out bearish setup has still come under doubt. After the evening price action inserted a needle to probe the bottom, it quickly stretched higher and rebounded. The continuation of the short trend was temporarily paused, but it’s clear that this short-term rebound is only a market repair, with no upside follow-through volume. In the midnight phase, price action slightly continued the rebound momentum: BTC probed up to the 64,100 area, and ETH followed in sync up to the 1,928 area. Then the effect of renewed pressure kicked in again; the bears expanded selling volume and once more returned to a downward pattern. Yesterday I kept telling everyone to stay short—if you’ve been following the idea up to now, just hold your short positions normally.

The current pressure effect is understandable—it’s simply that ETH has been relatively a little stronger. It’s been “dancing” above 1,900, but this pattern is very clearly a fleeting moment. As BTC dragged the market lower, the pressure effect synchronized as well. From a daily timeframe perspective, after the earlier strong break of the middle rail, yesterday’s price probed the bottom rail, but price was blocked by the support below. It’s obvious that the downside room has been further opened, and the rebound/repair strength in the short term also isn’t very ideal. Ongoing heavy pressure around the 64,000 area continues to weigh on the market. Under this kind of formation, market sentiment will gradually recover, shifting from bullish/gray to bearish-to-neutral. Therefore, for the next phase of positioning, continue to follow the short entry levels provided yesterday.

BTC short around 64,000 target 62,000
ETH short around 1,920 target 1,850#USD1持币生息最高8% $BTC ‌