The evening market trend has already realized the bearish expectation, with Bitcoin smoothly falling from the key resistance level, gaining over 800 points of space. Ethereum followed suit, earning more than 40 points. The bearish trend has been effectively validated. Currently, the price is experiencing a technical rebound, but the overall structure remains within a downward channel dominated by bears. The rebound can be seen as an opportunity to re-enter short positions.

From the market perspective, this round of decline has effectively broken through the important intraday support zone and formed a new secondary resistance. The area above Bitcoin at 92,500-92,800 has shifted from support in the morning to the current core resistance zone, which gathers previous breakout points and the golden ratio resistance levels of the decline rebound. Ethereum is also under pressure in the 3200-3180 region. The likelihood of a pullback after a rebound to this area is high. #GateAI正式上线 $BTC

In terms of operation, maintain the main idea of rebounding and shorting. It is recommended to pay attention to Bitcoin's rebound to the 91,800-92,300 range and Ethereum's rebound to the 3,180-3,200 range for signs of resistance, and to opportunistically scale into short positions.