The market is very simple right now; the bear market rhythm has completely continued, and the bulls are basically being pressed to death.

Yesterday, Bitcoin's support at 65,000 was very tenuous, holding up for less than 12 hours, with a maximum rebound of only 700 points, showing no strength. In the early morning, it broke downward directly, crashing down all the way, reaching a low of 62,500, and is still probing lower.

Currently, the market is very weak, with no strength in the rebound, and the bulls can't hold up at all. Don't forcefully fight this trend or blindly buy the dip; you're probably buying in the middle of the mountain. If you can't beat it, follow the bears' lead and go with the trend. The prudent approach now is to observe and not enter blindly.

On the daily chart, continuous large downward candles are smashing down, falling more fiercely, and the bears show no sign of stopping. The 4-hour chart is more intuitive, with lows constantly being refreshed, and each rebound is weak and soft, showing no reversal signals at all.

So in the morning, there's no need to worry that a rebound means a reversal; if the rebound is weak, just go short!

Regarding operations:

When Bitcoin rebounds to 63,500–64,000, go short directly, targeting 60,500–61,500.
When Ethereum rebounds to 1,800–1,830, go short directly, $BTC targeting 1,700.