$BTC 3.2 Midday Bitcoin and Ethereum Market Analysis and Trading Recommendations

In the past couple of days, the market has been fluctuating wildly on the surface, but in reality, it hasn't broken out of the key zone we've been emphasizing. This kind of movement is the most confusing—appearing volatile, but chasing after it often leads to traps, with bulls and bears repeatedly squeezing each other, resulting in poor continuity. I believe many friends haven't felt great these days—buying high and getting trapped, selling low and seeing the market fly away, making it difficult for accounts to achieve effective growth.

The more chaotic the market, the more we need to clear the fog and see the essence. Analyzing from the hourly chart, although there are short-term rebounds, the overall rebound structure is very weak, with prices consistently suppressed within a relatively disadvantageous range. What does this mean? It means each upward push is more like resistance within a bearish trend rather than a reversal. Currently, the bears still hold the dominant power in the market.

Therefore, there’s no need to waver in our approach—continue to adhere to the main short strategy. This has been our core approach recently, repeatedly validated by the market. Until the range is strongly broken, any rebound is an opportunity to better position ourselves, not a reason to chase longs. Patience is key—wait for the rebound to weaken, then follow the trend to enter, which is much wiser than wasting capital in chaotic fluctuations.

Midday, you can short Bitcoin around 67,200, with a target of 65,000.
Midday, you can short Ethereum around 1,990, with a target of 1,900.