Currently, the market situation is that BTC has dropped from 126,000 to around 80,000, and ETH has fallen from 4,900 to around 2,600. The current market is in a rebound after a decline. BTC rebounded to 94,000 from 80,000 and then retraced to the current level of around 90,000, resulting in a rebound of 14,000 points. The rebound has been quite strong. ETH rose from 2,624 to 3,240, with a rebound of 600 points, and has retraced to around 3,100 now.

To summarize, this increase is entirely a rebound after a significant drop; it is not a bull market or a major market rally. Therefore, the reason I am not bullish now is that the market cannot rise significantly. Even if it does, the upside is limited, and there are no favorable events in the market that could sustain a rally for half a month or a long time. Thus, going long is meaningless; this is why I am not bullish.

If there is going to be a rally, why is the market still so weak? Why is there no positive news driving the market continuously? Don't think that just because the price of cryptocurrencies is low, you should go long. I tell you, in a bear market, prices will only go lower.

If the market had not rebounded, I would definitely try going long to catch this rebound after the significant drop. However, the market is already in a rebound phase, and I had previously advised you to go long at the 80,000 rebound level, mentioning that this is a key position.

So now my thought is to find a high position to short. If I were to go long, I would need another significant drop from the current level; I might consider attempting a rebound. Other than that, I am a loyal bear. Finally, to summarize, if the market has significant positive news that can sustain a rally, then consider going long. Otherwise, it is better to short at highs. For intraday trading, still focus on the lowest and highest points on the four-hour chart for operations. This is my recent thought and overall direction, which you all can refer to or base your decisions on $BTC $ETH .