The alternating bull and bear markets are the norm in the market. True traders are not greedy during a bull market and do not panic in a bear market. Yesterday at midnight, Bitcoin continued its downward trend, rebounding to a high of 95482 before facing pressure and falling back. Early this morning, it hit a low of 92851. Ethereum also weakened in tandem, continuously dipping from a high of 3127 to around a low of 3001. #比特币跳水29万人爆仓 market panic sentiment is spreading. Fund flow: Market maker funds continue to flow out, and retail investors' follow-up dumping has amplified the downward momentum.

The daily chart shows a clear downward trend, with weak bullish momentum completely dominated by bears; after fluctuating at the four-hour level, three consecutive bearish candles have formed. The lower band of the Bollinger Bands temporarily supports a slight price rebound, but the short-term rebound is unlikely to change the weak trend.

Morning Core Strategy: Sell on High during Rebound
Short Bitcoin in the range of 95200-96000, targeting around 92500 #Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 #美国结束政府停摆