Although the market didn't quite reach our target levels, the overall situation is still quite good. Bitcoin dipped to around 66,500, and Ethereum dropped to around 1,975. The short position around 68,300 for Bitcoin could have gained about 1,500 points, and the short around 2,055 for Ethereum could have gained about 65 points. The reasons for the bearish outlook are very clear in the above analysis. The only minor shortcoming is that the price ratio hasn't accelerated downward, but that's acceptable since the positions have also increased significantly.

The signals and patterns during the trading session indicate that the rebound in the price ratio is gradually weakening and has not continued. Instead, the current decline is dominating. Under this pattern, bottom-fishing should be approached with caution to avoid unnecessary losses from being trapped. Actually, I also clearly mentioned this in yesterday's article, so I won't elaborate further here. Those interested can review it themselves. Our main strategy this morning remains mainly short positions.

This morning, we shorted Bitcoin between 67,800 and 68,200, with a target of 65,000. For Ethereum, we shorted between 2,046 and 2,083, with a target of 1,860. #加密市场反弹