The crypto market is like a 24/7 emotional purgatory. When you're staring at the candlestick charts, watching thousands, tens of thousands, or even hundreds of thousands of dollars fluctuate within minutes, the most formidable enemy becomes that flickering, uncertain gaze in the mirror — yourself. The market has no mercy; it won't change its course because of your anxiety or greed. Only those who can withstand three major dips without collapsing and two big surges without getting carried away have already reached the top of the psychological battleground — where there are no permanent winners, only eternal practitioners.

On Thursday, after a rebound and a high of around 104,497 in the early hours, the market entered a volatile downward trend. During the day, both bulls and bears had good opportunities. After a second rebound to around 104,210 at midday, the price faced pressure and declined. In the evening, sellers accelerated the decline, breaking support along the way, with the lowest point reaching around 100,238 before stopping.

Ethereum also faced resistance from a high of 3,479 early in the morning, then declined in a stepwise fashion, with rebounds at each dip. After a midday rally to about 3,455, bears took control, and the decline accelerated again in the evening, bottoming out near 3,245.

Our intraday strategy of catching rebounds on dips, which we shared during midnight and early morning, proved correct. Long positions around 103,000 and 3,380 were precisely hit, with Bitcoin gaining 1,000 points and Ethereum gaining 71 points. In the afternoon, bullish momentum weakened, so we decisively adjusted our approach and recommended shorting after rebounds. As expected, after the US stock market opened, the market plunged sharply. A short position at around 103,400 for Bitcoin targeted a drop to 101,000, capturing 2,400 points. Similarly, a short at 3,395 for Ethereum aimed for a 110-point drop.

In crypto trading, you need not only precise strategies but also the ability to read the market's pulse. Only then can you find your own wealth amidst this money-mashing machine.

Looking at the current chart, the short-term Bitcoin 1-hour Bollinger Bands are opening downward. The second rebound below 103,600, near the middle band, failed to break higher, indicating short-term bearish momentum. The bulls lack strength, and the overall trend remains in a downward channel. The market is consolidating in anticipation of further decline, but upward attempts are weak and often met with resistance. Expect the downward trend to intensify gradually, with further breaks below support.

For trading strategies:
- Short around 102,000 near midnight, targeting the 100,000 level. If broken, look further down to 99,000–98,100.
- For Ethereum, short around 3,350, targeting 3,250–3,200.