The core competitiveness of investment is only one: cognition. Luck can support you to make a profit, but to survive long-term, you need to understand the cycle and continuously evolve yourself.

Yesterday's Bitcoin movement was quite interesting. Starting from the high of 91666 in the early session, it gradually declined with oscillations, reaching 89242 in the evening before stopping. The whole process looked like a buildup, but the bulls indeed faced significant pressure. Ethereum's rhythm basically followed Bitcoin, continuing the rebound from early morning, reaching 3183 before starting to face resistance. When bad news about the US stock market opening lower came out in the evening, the price directly dropped to 3052 and then stabilized.

Multiple reminders throughout the day emphasized the idea of a rebound being a good opportunity to short, and the market moved exactly as expected. We successfully positioned with two Bitcoin shorts and two Ethereum shorts. Bitcoin ultimately gained 1900 points, and Ethereum also gained 160 points, which is quite good.

From the six-hour chart, the stair-step downward trend is very clear. The price is now oscillating around the middle-lower band, with both bulls and bears repeatedly testing. The three lines have already begun to flatten, and both MACD and KDJ show clear bearish signals, making a reversal unlikely in the short term. The support around 89300 below still needs to be closely watched.

On the hourly level, the US stock market opening lower indeed put some pressure on the market. The price moved closer to the middle band but did not break through, and the upward movement did not change the overall downward pattern of the three lines. Therefore, the upcoming trading strategy remains mainly to short at high points.