Market trends always start in despair, surge or plummet in hesitation, and end in madness. Opportunities are fleeting; hesitation leads to defeat. Only decisiveness can lead to gains. Whether in a bull or bear market, the biggest risk is not being trapped but missing out. Wealth is the realization of your knowledge; if you can't hold, it only means you don't understand. You don't deserve to own wealth that isn't yours. Recently, the bearish trend has undoubtedly been the dominant force. Since Thursday, Lao Gao has expressed a bearish outlook, accurately predicting market movements. Last night, he again provided bearish analysis. Bitcoin started to face resistance and decline from around 66,320, with a slow downward trend. This afternoon, the bearish momentum accelerated, breaking through key levels multiple times, with the lowest dropping to around 62,979, a decline of over 3,000 points. Ethereum faced resistance from the high of 1,966 last night and also accelerated downward this afternoon, with a low of around 1,834. Last night, we closed all short positions around 66,200 for Bitcoin and 1,958 for Ethereum, locking in profits. Bitcoin gained about 1,700 points, and Ethereum closed with an 81-point gain.

From the current market situation, Bitcoin's daily chart has formed a three-candle downtrend, falling from the midline to the lower band, which is also near the previous rally point. Earlier gains from early this week were completely wiped out by the bears. The four-hour chart shows a wave-like decline, with rebounds and pullbacks occurring step by step. The highs of rebounds are gradually decreasing, and the lows of pullbacks are also lowering and being refreshed. The trend is dominated by bears. Given that the single-sided decline has slowed, the weekend's key points suggest waiting for a bullish rebound to recover strength before considering shorting. In the short term, look for a bullish rebound.

On Saturday, Bitcoin around 63,500 can be long with targets at 64,500-65,000.

Ethereum around 1,835-1,850 can be long with targets at 1,900-1,950.

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