Overnight, Bitcoin once again dipped near 87200. Yesterday, I took a position on Bitcoin at a high altitude, successfully realizing a profit of nearly 1700/80 points. Subsequently, it bottomed out, found support, stabilized, and rebounded. Currently, the price has rebounded above the 89000 level.

From the current market situation, the early morning surge is essentially a technical correction after a series of declines, which is a normal market adjustment. The overall weak pattern has not undergone a fundamental reversal, so there is no need for excessive interpretation. This rebound fully meets expectations, but trading volume continues to shrink, lacking the momentum to drive a trend higher. Meanwhile, market sentiment remains subdued, and with the probability of the Federal Reserve cutting interest rates decreasing, there are few positive macro factors to support a rally. Overall, the bearish outlook remains unchanged, and subsequent operations can be based on key resistance levels for strategic positioning.

Operation suggestions:
Short near 89800-90500 on Bitcoin rebound, target 87300-86000;
Short near 3050-3100 on Ethereum rebound, target 2910-2800.