The market is always caught in the cycle of greed and fear. Most people are trapped in the emotions of short-term ups and downs, while a few win by being clear-headed in the face of adversity. Maintaining one's true intentions during times of excitement and holding firm during periods of stagnation is the essence of investing. The market entered a rebound and repair phase in the early morning. After bottoming out at 83786, Bitcoin gradually rose, with subsequent fluctuations peaking at 86817 before stopping; Ethereum synchronized downward, touched a low of 2718, and rebounded, currently peaking at 2819.

From a four-hour perspective, the market broke through the lower Bollinger Band and embarked on a two consecutive bullish rebound. Prices experienced a warm-up recovery but are still operating near the lower band, unable to recover the intraday losses, making it difficult to reverse the market's bearish sentiment. The three lines of the Bollinger Band continue to maintain a downward divergence trend, with the overall trend still under the bearish dominance. On the hourly level, although the market shows a consecutive bullish rebound pattern, prices are attempting to challenge the upper band. However, considering the overall trend, caution is advised against the risk of false bullish signals. The current rebound is merely a technical correction within a downward trend and not a signal of trend reversal. Lao Hu suggests that morning operations should still follow the strategy of shorting at high points during rebounds, placing short orders based on the rebound resistance level.

Operation Suggestions

Short Bitcoin near 86800—87300, targeting around 84500.

Short Ethereum near 2820—2850, targeting around 2720$BTC $ETH .