Today, I took a look at the recent Bitcoin trend and found that the potential rebound support points are at two levels: around 98k at the 2.618 extension of the left-side bearish structure, and around 101k at the 2.618 extension of the 1-hour upward move. The range between these two numbers is the current key rebound zone. Based on this judgment, there is no need to short from a higher timeframe perspective for now. Even if I plan to operate later, I will wait until the right-side structure shows a rebound and a sufficient test of pressure before taking action.

Currently, the market may follow two paths. The first is a direct completion of the rebound phase, with a retracement not exceeding 0.5 on the Fibonacci axis, inducing long positions through short squeeze, then directly starting a new large-cycle decline. However, I personally favor the second scenario — in the short term, a correction on the 1-hour level is likely, finding support in the range of 91,000 to 92,500. Subsequently, a 1-hour rebound with a high point breaking through, followed by a slight pullback, then pushing towards the target above 98,000, after which a downtrend will begin.

Additionally, Ethereum’s structure is generally synchronized with Bitcoin’s rhythm, so the short-term trading strategy can be quite similar. In summary, patience is key—wait for signals and avoid rushing to chase highs or bottom-fish.