As of Friday, after Bitcoin dipped to around 59,800 and bottomed out, the overall market has entered a rebound and correction phase. This morning, Bitcoin surged to around 72,300 before experiencing a rapid decline, showing clear signs of a short-term staged pullback. The short-term top signal is now quite evident.

From a cyclical perspective, the weekly and monthly timeframes still indicate a clear bearish trend, and the medium-term downtrend has not been effectively reversed. Although this round of short-term rebound is relatively strong, it is essentially a technical correction after an oversold condition and not a trend reversal. The overall downward trend remains unchanged. Based on the overall market structure, the main trading strategy is to operate with high short positions after a rebound faces resistance, avoiding blindly chasing long positions.

Trading Recommendations:
- Short near 70,900-71,700 on Bitcoin rebound, targeting 69,800-68,500; if broken below, then target 65,300.
- Short near 2,100-2,150 on Ethereum rebound, targeting 2,000-1,910; if broken below, then target 1,830.