Good morning everyone on this new day. Looking back at the overall market trend in the early morning, the price of Bitcoin fell continuously last night, reaching a low of 112301 before stopping the fall and rebounding. In the early morning, there were multiple upward movements, peaking at 114440. Ethereum saw a minimum drop to around 4104 last night before rebounding and rising, with a maximum recovery to around 4371 in the early morning, facing pressure. Unfortunately, the bearish outlook provided at midnight yesterday was unfortunately stopped out by the stop loss.

After the coin price dropped to 4104, it has also given a rebound. Currently, the coin price has rebounded and surpassed the 4300 mark, and the current rebound is still continuing. This trend perfectly aligns with my previous thoughts that there is a significant rebound demand in the current market. Although the hourly chart has successfully broken through the middle track, the structure at a larger level has not changed significantly. The current rebound is still a technical correction after a substantial retreat of the coin price. Our current thinking remains unchanged; we will focus on shorting around the high points during the rebound.

Bitcoin: Short at 114800-114600 Target 112500
Ethereum: Short near 4370 Target 4230#加密市场回调 #BTC