Last night, with the CPI data released, the market experienced a small rebound, which also provided an entry opportunity for short positions. Bitcoin at 62500 had a minimum retracement around 61000, while Ethereum at 1660 had a minimum retracement around 1602. All short positions also took in some profit. After last week's significant drop, this week's market has clearly fallen into a consolidation phase. Therefore, in terms of operations, when it comes to profit, it is essential to learn to reduce positions in batches and take profits timely!

Bitcoin's daily K line has three consecutive downward trends, and yesterday it closed with a small bearish line with equal upper and lower shadows. Both KDJ and RSI opened upward, while MACD's bearish volume continues to shrink. The indicators still show a need for a rebound and correction. On the 4-hour level, the price is rebounding and currently testing the mid-band of the Bollinger Bands. Both the mid and lower bands have slightly opened upward. KDJ and RSI are also both rising upwards. Currently, MACD's bullish volume is still insufficient. On the hourly chart, the price rebound is pressing against the upper band of the Bollinger Bands and is opening upward. Both KDJ and RSI are rising, and MACD's bullish volume is continuing to increase. The demand for a rebound is evident, and the price is indeed in a rebound phase.

A rebound is not a reversal; a rebound simply provides a better opportunity for short positions. This premise cannot change. Otherwise, seeing a rebound, one would chase the rise, and seeing a retracement, one would realize too late and chase the fall, becoming caught in buying high and selling low, getting hit from both sides! For this bearish phase, Bitcoin needs to go to around 55000 to 53000, and Ethereum needs to go to around 1400 to 1300.

For intraday operations, the focus remains on short positions. Key resistance levels above are 62500 and 64000, with short participation around these levels. Key support levels below are 61500, 60500, and 59500.

For Ethereum, key resistance levels above are 1660 and 1720, with short participation around these levels. Key support levels below are 1620, 1580, and 1540.

Entering the water at shallow levels naturally avoids worrying about small currents harming you. It is only when the boat reaches the middle of the lake that one realizes the depth and risk. Not being able to swim is indeed the most painful thing. Being caught in a dilemma, do not wait until losses exceed half before realizing the importance of skills. Traveling requires planning in advance, and investment requires preparation in advance. Entering the water at shallow levels naturally avoids worrying about small currents harming you. It is only when the boat reaches the middle of the lake that one realizes the depth and risk. Not being able to swim is indeed the most painful thing. Being caught in a dilemma, do not wait until losses exceed half before realizing the importance of skills. Traveling requires planning in advance, and investment requires preparation in advance.

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