On Thursday, the 2.20, continue to be bearish on the rebound intra-day without fear

Bitcoin formed a slow upward trend after testing the 93400 support line yesterday. Currently, it has also reached around 96900 at the high level. Although it is running in a oscillating upward trend in the short term, the overall rebound momentum is not significant. Short positions and selling from the bearish perspective yesterday also captured two rounds of declines. Currently, the overall situation is still in a weak structure. In terms of operations, continue to maintain the unchanged high short mindset!

The current main structure is still in a weak form, and the rebound is not a reversal of the trend. From the 4-hour trend, the K-line is mostly oscillating downward. In the short term, you can refer to the 97000 area on the upper 4-hour chart to continue to look for a decline to go short. At the hourly level, there is also a clear sign of a stagnation in the rise, being repeatedly blocked intraday. Therefore, there is no need to be too bullish, and it is still good to expect the outbreak of bearishness!

It is recommended to short around 97000-97500 for Bitcoin on Thursday morning, with a target focus on the 94000-91000 area.
It is recommended to short Ethereum around 2730-2750 in the early Thursday, with a target of 2600-2550.

The road of life is full of challenges and unknowns, like a ship sailing in the turbulent sea, may encounter storms at any time. But please believe that every setback is a growth, and every dilemma is an opportunity for transformation.
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