The market is like the changing seasons, with cycles of rise and fall. Yesterday's bottom could be today's new beginning, and today's top might be tomorrow's turning point. There's no need to obsess over short-term fluctuations; what's important is to stay clear-headed and maintain a steady position.

Yesterday, the overall market weakened, continuing to decline from the early trading hours. By midnight, Bitcoin approached around 90634 and stopped falling, rebounding afterward. Ethereum also stabilized and rebounded around the 3123 level. The previously given bearish strategy was executed as planned, and all the short positions laid out yesterday were closed at the predetermined target levels.

From the 4-hour chart of Bitcoin, after the price fell from the high point, it broke below the middle Bollinger Band. The subsequent rebound failed to re-establish above the middle band, with the candlesticks consistently hugging the lower band downward. Each rebound was suppressed by the bears. The entire decline shows a typical stepwise downward trend: a large bearish candle drops sharply, followed by a small bullish correction, but the body of the bearish candles is significantly larger than that of the bullish ones. This indicates that the bears are in control, and the rebounds are just technical corrections. Currently, the price is weakly oscillating around 91,000, with no clear signs of recovery. The 4-hour highs are continuously moving downward, and the lows are also being refreshed, forming a standard descending channel. This means the bears are only resting temporarily; the downward trend will continue.

In terms of trading strategy, continue to follow the high-short approach. Bitcoin in the 91,800 to 92,300 range can be lightly shorted, with a target of 89,600. Ethereum in the 3,190 to 3,220 range can be shorted, with a target of 3,100 to 3,060.