Good morning everyone. Yesterday, after a short-term pullback, the market continued to oscillate downward, with several range reversals testing patience. Currently, the rebound strength remains relatively weak overall. Recently, the US President has been applying pressure on Europe due to trade policy adjustments, and coincidentally, the rebound cycle faces a dilemma with resistance above. This led to the recent retest.

From a technical perspective, support levels around 91,000 for BTC and 3,160 for ETH are still relatively solid, and we expect to see repeated bottoming out here. On the upside, 93,000 and 3,230 are clear resistance levels, and breaking through them will be quite challenging. The trading approach continues to follow the rebound-then-short framework, with a focus on monitoring the breakdown of key support levels.

**BTC Strategy**: Short at 93,000, add to short at 94,000, with a target around 91,000-90,500 as a defensive zone.

**ETH Strategy**: Short between 3,200-3,220, add to short at 3,250, with a target around 3,160. If momentum is stronger, look toward 3,100. Resistance above is at 3,260.

It’s important to note that if support levels at 91,000 or 3,120 are broken but without significant momentum, or if the structure breaks down, you can switch directly to a short-term long strategy. The current rebound trend has not yet fully played out; BTC has not effectively broken above 90,000, and ETH has not stabilized above 3,090. Neither has reclaimed upper space, indicating that this retest is just entering its final phase.

For intraday trading, avoid overemphasizing the big picture. Focus on whether specific levels are broken or not, letting data and charts speak for themselves. The weaker-than-expected core CPI data from the Federal Reserve provides some buffer for the market, but how far the rebound can go still depends on the performance of these key support and resistance levels.