A person's existence becomes meaningful only when they are needed by others. Being needed by others is a human nature and reflects a person's value. In certain specific situations, if a person is not needed by others, their existence loses meaning. At any time, there is no need for us to imitate others to change ourselves; like Dong Shi imitating the frown, the result will only lead to losing oneself!

Let's briefly review the market and operations. The recent market has been quite interesting, with a rapid decline, and the gains from the previous days have all fallen back, once again testing the low point near 91,000. This morning, it rebounded after hitting the bottom and is currently running around 94,000. We have previously analyzed and explained this clearly, particularly emphasizing the issue of trading volume and the demand for a downward trend in the technical chart, along with the impacts from news and market sentiment. When viewed in combination, the basic trend of the market becomes relatively simple, and just right, we excel in these areas. Therefore, our judgment on the recent market trend has been very accurate. From the beginning of the week, we predicted that after breaking the 100,000 mark, there would be a false move to continue rising, followed by another pullback. The rhythm of the market's operation has also aligned, allowing for profit in operations.

Currently, on the technical chart, the daily line has previously mentioned the head and shoulders pattern, which is now quite evident. According to this chart, if it breaks the low point again, the adjustment and repair time needed for the future will take longer. In terms of technical indicators, the daily line is still in the early stage of a bearish adjustment cycle. On Wednesday, we mentioned that the previous day's K-line had a bearish engulfing pattern, and the closing of the K-line on the following day indicates the short-term direction. Up to now, the continuous closing of bearish candles is a clear bearish arrangement. Given the current daily chart indications, the probability of finding a lower point is greater, so everyone needs to pay attention to this in their operations.

On the four-hour chart, after testing the bottom again, the rebound shows a demand for chart repair, with a contraction in bearish volume bars, accompanied by a short-term bottom divergence. The short-term moving averages have turned and are curving upwards, showing a clear upward continuation trend. The short-term consecutive bullish candles indicate that during the day, we should pay attention to the strength of the rebound. In terms of trend, the four-hour decline has volume, and after the chart repairs, there is still a demand to test lower points; the bearish trend has not changed. Today is Friday, and there will be the release of U.S. non-farm payroll data in the evening, which may impact the market after the data is released.

In terms of operations, a prudent approach for the day is to wait for the rebound to finish before continuing to participate in short positions. Currently, the upper level around 96,000 can be considered, while the lower level still looks to break lower.

Ethereum is also showing weakness, with a rebound around 3,350 considered for short positioning, looking at the previous low point of 3,100 for support, with no particular areas needing separate attention.

Altcoins remain the same, with little interest outside of on-chain activities.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes in real-time may lead to delayed information; specific operations should follow real-time strategies.】

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