Markets tend to start at the most desperate moments, climb amid hesitation, and finally end in madness. Opportunities are fleeting; hesitators can only eat dirt, while decisive people can share the meat.

Yesterday’s market was mainly dominated by bearish players. Bitcoin surged to 93,825 in the morning but then steadily oscillated and declined, with the overall trend showing strong bearish momentum. It fell to 90,634 in the early hours before stopping, then rebounded slightly to 91,266. Ethereum’s rhythm was similar to Bitcoin’s; it faced resistance at 3,301 in the morning and began to weaken. After a full day of decline, it bottomed at 3,123 and has now rebounded to 3,181.

Looking at the four-hour chart, the Bollinger Bands are still in a steady downward pattern, with candlesticks mostly hugging the lower band and pushing downward. Although there was a rebound in the short term, the bearish pressure remains strong, indicating a weak market. Both the price and moving averages are hovering at low levels with little improvement. The MACD has already formed a death cross downward, clearly signaling a bearish trend.

From a trading perspective, it’s advisable to firmly short. The key resistance levels are around 93,000 and 3,300, which are also the secondary breakdown points after previous corrections. If these levels cannot be effectively broken through, the bears will continue to exert downward pressure. These levels also serve as the short-term defense line for the bears.

Specifically, on Thursday, Bitcoin around 92,000 can be considered for short positions, targeting the 90,500-90,000 range. Ethereum near 3,200 can also be shorted, with initial targets at 3,100-3,050.