When you feel like you can't hold on and want to cut your losses, the market maker is preparing to push the price up. The three most expensive words in the crypto world: I should have known. If you haven't been educated by the market yet, you'll have to pay your tuition sooner or later. Looking back at yesterday's overall market trend, Bitcoin and Ethereum both showed a pattern of rising first and then falling. During the daytime and evening sessions, the market was dominated by bears, and the bulls remained weak. Bitcoin touched the 69,999 level early yesterday morning before starting to decline, gradually falling throughout the day, with a late-night rally pushing the lowest point to around 66,462 before slowing down. Ethereum also faced resistance after reaching a high of 2,149 early yesterday morning, mostly entering a correction and decline during the day. Bears accelerated their downward move again in the evening and midnight, breaking below the 2000 level once more, stopping at around 1,973. Yesterday, the bearish outlook shared openly by Lao Gao across the entire network was consistent with the market, accurately predicting the trend.

From the current market situation, the daily chart still faces resistance from the middle band. As mentioned in yesterday's analysis, this level is a dividing line between strength and weakness for bulls and bears. If the price cannot stay above the middle band, the overall trend will remain weak. Bitcoin's daily chart continues to form a doji bearish candle, with repeated resistance during prolonged consolidation and a slow downward adjustment. The 4-hour chart shows a small-scale oscillation and decline, with the upper band under pressure and pulling back. The structure is showing a downward oscillation, currently in a contraction phase, waiting for a breakout. For short-term trading on Friday, it is recommended to rely on the upper band for defense and continue to look for short positions.

On Friday, Bitcoin can be shorted at 68,000-67,800, with targets around 66,500-66,000.
Ethereum can be shorted at 2,050, with a short-term target of around 1,950.