#密码资产动态追踪 After the long positions were stopped out yesterday, how will the market move next?

**The Truth Behind the Rebound**

To be honest, this current rebound is not a bottom-fishing opportunity—it's just market makers bleeding. The core reason is quite simple: U.S. policies haven't become more hawkish; traders who made profits earlier are taking profits, and short-sellers are also closing positions, triggering a technical rebound. The result is rapid declines and quick rebounds, but lacking momentum.

Where is the problem? No backing from news, no signs of policy rescue, and no real signs of large funds entering the market. From a macro perspective, the Federal Reserve is neither raising interest rates nor turning dovish; U.S. policy remains stable. Such an environment cannot sustain risk assets moving upward continuously. The rebound is just price correction; the funds simply do not recognize it.

Another key detail—during the rebound, "painting" patterns frequently appear, with prices repeatedly pulling up and pressing down. This isn't genuine accumulation; it's just creating trading volume. Looking at the volume, it gradually diminishes during the rebound, indicating a clear lack of buying support.

**Technical Analysis**

For BTC, after testing the 94,500 resistance on the daily chart and then adjusting with consecutive bearish candles, the range remains the same—upper boundary at 94,500, lower boundary at 84,500, and the midline at 90,000. Currently, the price is hovering around 90,000. If this support breaks, it will likely fall back to 84,500.

As for ETH, it also hit a wall at 3,320 and retreated. The range is 3,320-2,770, with the midline at 3,030. The price is approaching 3,030; if it breaks again, it will need to find support at 2,770.

Overall, this rebound is part of a downward correction, with no breakthrough of key resistance. ETH remains correlated with BTC and shows no signs of independent strength. In the next 24 hours, the probability of a weak rebound and sideways movement is relatively high.

**Short-term Trading Ideas**

- **BTC**: Consider shorting in the 90,500-91,000 range, targeting 89,500-88,500, with a stop-loss above 91,500.
- **ETH**: Short in the 3,130-3,160 range, targeting 3,030-2,950, with a stop-loss above 3,200.