Let's talk about how to view the current trend:

(Three slashes indicate a trend, two horizontal lines indicate resistance)

First, look at Bitcoin: The overall situation remains in a weak oscillation downward pattern, with short-term focus on the 98,500-104,200 range for trading battles.
Last night, after testing near 99,000, a double bottom reversal was formed, but when approaching the key resistance at 104,000, it failed to stabilize. The quick pullback to 101,500 indicates weak reversal strength. Heavy selling pressure above suggests that unless it can effectively break through and stabilize above 104,200, it is not a strong reversal. Any reversal signals are just false signals, so patience and waiting for a decline is advisable.
In terms of operations, it is recommended to focus on short positions around 102,500-103,000, with the first target at 100,600-99,300. If support at 99,300 is broken, it can be further down to around 97,600.

Next, look at Ethereum: Its trend is more aggressive than Bitcoin, with a faster downward rhythm. The previously emphasized resistance at 4,500 was tested last night but showed no continuation, confirming the weak pattern.
Going forward, the key is to re-anchor 3,500 as the first resistance level. The core strategy remains to look for short positions around this area, and avoid blindly bottom-fishing. On the support side, focus on 3,160. If this level is broken, the downward space will further open.
For operations, consider entering short positions around 3,450-3,470, with initial targets at 3,260-3,180. If support at 3,160 is broken, it can continue downward toward 2,870.