Bitcoin/Ethereum has rebounded somewhat since its high, with Bitcoin showing relatively strong overall momentum, reaching the 78,000 level again. While it appears strong, there is still significant downside potential. The latest candlestick on the 4-hour chart is a small-bodied doji, indicating intense competition between bulls and bears, and the market is currently consolidating. On the daily chart, the last two candlesticks are both bullish, suggesting a short-term stabilization and rebound, but the overall trend remains a rebound within a downtrend. On the weekly chart, several bullish candlesticks were followed by a large bearish candlestick last week, and the current sideways consolidation and rebound is merely a continuation of the downtrend. Technically, the DIF line has crossed above the DEA line, forming a golden cross, and the MACD histogram remains positive and expanding, indicating a shift in short-term momentum from bearish to bullish. However, both the DIF and DEA lines are still below the zero line, suggesting an overall bearish trend. Furthermore, the recent rebound volume is lower than the massive volume during the previous decline, indicating that the rebound may be limited, and further selling pressure should be anticipated. For trading, continue holding short positions after a rally, or enter short positions again around the current price of 78000 and 2145. Short-term targets are 75500-76500 and 2060-2090. For Bitcoin, the target range is moved up to 78800, and the target for the next short position remains unchanged at 2180. We are here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.

The US-Iran negotiations showed signs of easing, and the market resumed trading based on the logic of "cooling war risks." Overnight, the dollar weakened, US Treasury yields fell, and expectations of interest rate hikes declined in tandem with oil prices, boosting US stocks and cryptocurrencies (note: this is only limited to the short term), which aligns with my analysis from the previous two days. Currently, the price reached the key resistance level of 78500 this morning. The pattern remains bullish, but I have already taken profits. Next, I will wait for a breakout above 78500 before entering the market again. The principle is not to enter unless it breaks through, to prevent further consolidation; however, I will definitely not enter the market on a southbound move, as the timing is not right. My trading strategy is two-step: 1️⃣ If the market consolidates, enter on a pullback to around 77200, with a stop-loss of 700 points, targeting the 80000 level; 2️⃣ After the H-line candlestick breaks through 78500, enter on a second northbound move, targeting 80000-81500 respectively. Regarding the entry points for a medium-term bearish outlook, I will update them in real time based on market trends. [I will publish a separate article this weekend to elaborate on my views on the medium-term bearish outlook, covering aspects such as macroeconomic policies and international narratives.] This is a personal opinion for reference only and should not be used as any investment advice.