Remember: the market always follows survivor bias. Only seeing the wealth freedom of top influencers while ignoring the VIP retail investors queuing on rooftops will ultimately make you a victim of classic market sayings—trust me and hold, or get out if you don't believe. Only by mastering emotions, making plans, and diversifying risks can you grasp the ladder in chaos rather than fall into the abyss. Today's market shows a pattern of initial rise followed by decline. Bitcoin rebounded to around 103,294 in the morning before turning down, with continuous dips to support at 101,400 before stopping and bouncing back, but bullish momentum is clearly insufficient. Ethereum's trend is synchronized, with a high point at 3,490 in the midday, facing resistance and oscillating downward. After briefly finding support at 3,353, it stopped bouncing but failed to continue upward, with a weak rebound. Over the weekend, we continued to adopt a bearish outlook following early morning rebounds, and today's market movement has been validated as expected.

The 4-hour chart shows the market experiencing another dramatic reversal. After a strong rally with consecutive bullish candles, market sentiment suddenly shifted, forming a sustained downtrend with consecutive bearish candles. Although bulls attempted multiple counterattacks during the session to recover lost ground, each rebound appeared weak, ultimately failing to break through key resistance levels. During the latest rebound, trading volume significantly decreased, bullish confidence was lacking, and buying enthusiasm was low, indicating continued downside in the early hours.

Bitcoin at 102,500 in the midnight and early morning can be shorted, with a target of 101,000. Ethereum at 3,450 can be shorted, with targets at 3,350-3,300.