The price of Bitcoin experienced significant fluctuations over the weekend, initially retracing to 63,000, then rebounding and rallying. However, it failed to hold above 68,000 and gradually declined. Currently, Bitcoin is trading around 65,700. Although we recommended a short-term long position yesterday, we also clearly stated in the article to adjust according to the market at any time. It's uncertain how many friends can adjust promptly to avoid getting deeply caught in the market.

From the market chart, it's not hard to see that despite the large fluctuations over the weekend, the price did not break out of the range. Repeated tug-of-war lacked continuity, leading many friends to chase gains and sell at losses when entering the market, preventing their positions from doubling. On the hourly chart, the rebound in the price ratio remains at a disadvantage, with the bears still in control. The entry strategy remains primarily short, which has been our main approach recently.

This morning, Bitcoin is shorted between 66,400 and 66,800, with a focus on 63,000. Ethereum is shorted between 1,970 and 2,010, with a focus on 1,835.