In the cryptocurrency world, it's not just about technology, but also a battle of mindset. Market fluctuations, emotional ups and downs, the pull between greed and fear determine the success or failure of most people. Those who hold onto their losses stubbornly while those who make profits let go easily; this is the current state of most individuals. Starting from this week, Lao Chen has mentioned high shorting opportunities multiple times. Each rebound is a good time for us to enter short positions. We remain steadfast in this approach and have not been shaken out by the brief rebounds. The recent price movements have also been relatively regular, with daytime trading recovering upward while the evening and midnight hours see declines, forming a cycle. In the early morning, Bitcoin faced pressure after reaching a high point of 89177 and dropped all the way to 88455. We firmly held our short positions around 89000, and in the morning, we successfully targeted 88500, gaining 500 points on one contract. Ether saw two short positions, entering a short at 2986 in the morning and capturing a 40 point move.

The current market shows that the daily chart of Bitcoin has formed a pattern of multiple consecutive bearish candles and is running below the midline. Overall, the situation indicates that bullish sentiment is low, and there is a trend of market dominance falling back into the hands of bears, with expectations of entering a new adjustment cycle. After several days of intense fluctuations and tug-of-war between bulls and bears, the market has ultimately returned to a downward trajectory, and the bearish trend at the daily level continues to deepen. In the short term, weakness has become evident, and the accumulation of weakness is difficult to reverse quickly. Even if there are signs of a rebound in the short term, it cannot change the rhythm of the bearish trend. Therefore, it is still recommended to enter the market with a bearish bias and follow the steps of the bears, waiting for the market to further decline and adjust.

On Tuesday morning, you can short Bitcoin around 88800-89000, with an initial target of 86000.

Ether around 2980-3000 can be shorted, with the initial target focusing on 2850.