Last night's and this morning's market movements have consistently provided opportunities for both bulls and bears. Bitcoin strongly recovered to around 91252, but was quickly constrained by overhead resistance and retreated. After confirming support at the 90000 level, it maintained a short-term stabilization. In this range, we adopted a strategy of first going long and then shorting. Earlier, the bulls bottomed out and gained 1001 points, while Ethereum gained 80 points. Subsequently, short positions also successfully captured 968 and 49 points.

The recent approach is quite clear—first observe the strength and magnitude of the rebound, then decide whether to enter short positions. It’s not about blindly shorting, which would be meaningless. Fortunately, recent market performance has largely aligned with our expectations, maintaining good continuity. Within limited time, we must do what we can, secure the gains we deserve.

From the daily chart perspective, Bitcoin has recovered and stabilized above 90000 in the short term, with a slight rally effectively halting the decline. This correction is essentially a revision, with multiple attempts to rise gradually approaching previous reversal points. Using the midline as a dividing line for bulls, as long as there is no solid breakout above this level, the likelihood is that the upward trend will continue.

The story on the four-hour chart is even more interesting—multiple dips are just false breaks; after a dip at the close, it turned upward, indicating bulls are accumulating energy. A significant upward move is likely to be released in the next day or so. Combined with the lows, the market has already formed a channel pattern of oscillating and rising.

The one-hour chart shows that a round of dips has just been stabilized, which is a common corrective method in consolidation phases. Short-term moving averages are already turning upward, and the overall structure remains strong. I am optimistic about Bitcoin’s further upward potential.

Today’s trading strategy: In the morning, focus on the 90800-90600 range as the primary area for going long, with resistance around 92500 above. For Ethereum, focus on 3100-3080 for long positions, with initial resistance at 3230.