After being pressured by the middle track of the Bitcoin daily K-line, it closed in the red again yesterday. The three tracks of the Bollinger Bands are all opening downwards, and both KDJ and RSI are oscillating downwards. The MACD shows no volume, which is not enough to support any significant rebound. This kind of gradual decline and oscillation downwards does not mean it cannot fall further; rather, it is more about grinding down, exhausting everyone's patience, making the bears unable to hold their positions, fearing a rebound and profit loss, and worrying about being trapped again if it rises sharply. At the same time, this is also a way to lure in more buyers, making them think the price won't drop further, leading to a bottom formation! Currently, the lower track of the Bollinger Bands supports around 85,000. Although the lower track is opening downwards, the bears have not yet opened up, so the downside space is limited. More time is needed to open up space, which is a typical method of exchanging time for space. Whether one can endure the loneliness depends on oneself!

In the short term, the 4-hour price rebound is pressured by the upper track, forming a small double top around 90,500 and pulling back. It has broken through the middle track support, and the price is continuously pressing down towards the lower track to reach lower positions, while also helping to open up space for the lower track. The MACD bearish energy continues to increase, and KDJ and RSI are oscillating downwards. Currently, the hourly chart shows the price is testing the lower track support, so the intraday strategy remains focused on short positions. There are no small bottom formation signals appearing in the market, so it is not enough to suddenly change direction or viewpoint! The gradual decline is simply because the time has not yet come, which does not mean it cannot fall.

Of course, those without short positions should not be anxious. The recent market has been repeatedly washing out positions, preparing for a big move, aiming to confuse retail investors, washing them out, making them lose patience, direction, and courage, and then executing its big actions. Therefore, when the market rebounds, one should short at high points rather than regret not entering when it falls, nor should one rush to exit when it consolidates, only to regret exiting too early when it drops again! Shorting at high points is always more cost-effective, more solid, and safer than chasing short positions! The market outlook is bearish, short at high points, but do not chase shorts; entering at too low a position can lead to being trapped by a sharp rise, which is uncomfortable. What one should do is cherish every opportunity for a rebound!

Those who held short positions around 90,000 and 3,050 can continue to hold and look down. For those without short positions, continue to short on rebounds, but do not chase shorts; everyone should remember this! Today, pay attention to the resistance levels at 98,500, 99,500, and 90,500 above, and consider participating in shorts around these levels. For support below, pay attention to 87,000, 86,000, and 85,000. For Ethereum, the resistance levels to watch are 2,990, 3,030, and 3,070; consider shorting around these levels, with targets below at 2,900, 2,800, and 2,700.

Every flourishing moment has gone through turbulent times; every vibrant color has weathered storms; every boundless glory has experienced deep sorrow. Only those who have experienced everything understand the power behind it. Everyone is striving recklessly, working doubly hard; merely getting by will only widen the gap between you and others. On the path of growth, do not always think about where the shortcuts are; just keep running forward. Remember, dreams are not empty talk but the fruits of hard work growing silently in struggle.

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