Yesterday, I had a good night's sleep, but in the morning I was bombarded with various market news. I casually glanced at it and found that my previous long positions were still on the books. Looking at the 4-hour chart, two consecutive large bullish candles are indeed very tempting. But this is the problem—don't be blinded by these short-term two bullish candles.

Many people tend to overlook a detail: volume-contraction rebounds cannot constitute an effective rebound. The logic is simple: without trading volume support, a rally is like a paper tiger—prick it, and it breaks.

From a technical perspective, the bottom area is far from being solidified. The support levels below are still waiting in deeper levels. In this context, for the bulls to truly set sail, they must first find genuine consensus support.

Given the current situation, what is the mainstream approach today? Simply put, still bearish. The entry opportunities are in the 926 to 930 range, especially those quick entry points where you jump in immediately. Following this approach, the target points to the critical 910 level. Once 910 breaks, the next focus should be on the deeper range of 896 to 888. This doesn't mean it will definitely fall there, but it's important to prepare for the worst.

The underlying logic behind the recent movements of BTC and ETH is worth every trader pondering carefully.