Recently, Bitcoin has been continuously oscillating downward, starting its decline from around the high of 68,700. Last night, it dipped as low as approximately 62,400, with a single-sided retracement of over 6,000 points. Our previous high-altitude trading strategy has been accurately fulfilled.

From the current market situation, the trend is oscillating downward, with highs gradually decreasing, and the overall focus continuing to decline; the Bollinger Bands are opening downward, and the price is under pressure below the middle band, maintaining a complete bearish trend. After dropping near 62,400, a rebound occurred, which is a technical correction after an oversold condition, not a trend reversal signal. Future operations should mainly focus on shorting during rebounds.
For Bitcoin, short near 66,300-67,100 on rebounds, with a target of 64,000-62,300; if broken, continue to look down to 60,000.
For Ethereum, short near 1,940-1,980 on rebounds, with a target of 1,840-1,750; if broken, continue to look down to 1,700.