This market trend was anticipated by Lao Chen as early as Saturday. The pullback of Bitcoin and Ethereum was within expectations. The previous surge to around 78,300 already indicated a bottoming expectation, and in subsequent strategies, I kept advising everyone to short, never mentioning going long. I believe the results speak for themselves. The current levels are the best answer. This morning, Bitcoin hit a low of around 73,669, and Ethereum retraced to a low of 2,250. The levels given over the weekend arrived as expected, perfectly validating the strategy. It was a straightforward win—Bitcoin gained over 2,000 points as expected, and Ethereum secured over 100 points. The market waits for no one, and Lao Chen has been waiting for you.

From the current market chart, as the price ratio faces downward pressure and declines, the daily chart still shows a continuous downward trend. The key support level on the daily chart is 75,000, which has not supported a rebound but instead led to consecutive pullbacks. Short-term upward pressure has increased sharply, and the risk of a pullback is rising. This is why we cannot maintain confidence in the bulls in the short term. Regarding the overall pattern and major trend, although we have always maintained a long-term upward trend, the current situation is no longer sustainable for us to continue holding that view. The bears are gradually compressing the upside space, and we are now at a trend reversal starting point. Bulls and bears will inevitably compete—an attempt to push higher cannot simply continue in a one-sided manner; the rhythm alternates between bullish and bearish. On Monday morning, the strategy remains primarily short.

Bitcoin: 74,200-74,400 Short Target: 72,000
Ethereum: 2,290-2,320 Short Target: 2,150