Old Li's moves are always decisive. This afternoon, a timely reminder to everyone: go long at high points and short at lows, with the same mindset. Bitcoin first made a wave of upward exploration to lure in more buyers. When everyone thought it would continue rising, Bitcoin peaked around 105,297 and then faced resistance and pulled back. Our firm stance on Bitcoin and Ethereum remains unchanged. Bitcoin gained 3,465 points of potential, while Ethereum secured 88 points! Steady and secure! Following Old Li's strategy, holding onto positions is key. If you can't hold, don't blame anyone—this is how the market works. Outside of the big picture, any gains beyond that are never truly yours.

Bitcoin's daily chart shows two consecutive downward candles, indicating a wave of upward exploration followed by a pullback. The long upper shadow on the daily chart has extended. Currently, it’s near the lowest support level of the daily candle body. If the price breaks below 101,000, we will continue to look down to 99,000. If it holds, we should watch for a potential bottoming rebound pattern. Bitcoin and Ethereum are moving in similar patterns. The 4-hour chart shows the price dropping from the midline directly to the lower band and breaking below it with a downward spike. The downtrend channel is now open. Although the volatility is large and rebounds are somewhat strong, the overall trend remains downward. Our bearish outlook stays the same. During the early morning rebound, we will continue to short.

In the early morning, Bitcoin can be shorted around 102,300-102,800 with a target near 100,500. Ethereum can be shorted around 3,450-3,480 with a target near 3,330.