Since December 19, I have maintained a long positions strategy, with the resistance level stuck around 90-91. Yesterday I took profit on all long orders, feeling that this round of Rebound is nearly over, and I plan to shift to a shorting rhythm. The key to watch next is whether this round of fall can break the level smoothly after the rebound; this is an important observation point.

Shorting requires strict stop-loss settings. The current position has not yet broken, so we must guard against the risk of a second wave pullback—there is still a possibility that it could continue to rise and form a complete five-wave ascending structure.

The rebound of ETH has formed a three-wave structure, and there is a possibility that ABC is completed. However, the structural performance of Ethereum is much stronger than that of Bitcoin, so shorting should only focus on Bitcoin, and Ethereum should not be touched for now.

The decline starting from the 109495 line is a five-wave downward movement, forming a complex structure of WXYXZ. Currently, in wave Z, wave Z unfolds into three smaller waves—this is the first rebound, and after it completes, breaking the level will be smooth, roughly following this rhythm.

ZEC has risen from 371 to over 300 in this range, showing an upward trend structure. If there is a subsequent pullback, it will be supported there.

The market was still very strong yesterday. Whether it can continue to break upwards is still uncertain. It's safer to wait and observe for now.