This round of operations still needs to summarize the entire process.

Bitcoin short positions were opened above 9400, with a smooth decline of 5000 points. Then a pullback occurred to test the lower support. The lowest retracement reached 8920, which is the third target level. Now, there are signs of a rebound on the smaller timeframe. The key is to see how strong the rebound can be next. If the four-hour candle closes above 9170, it basically signals the end of this correction. If it cannot close above that level, then continue holding the short positions and re-enter short at this level.

Ethereum's situation is a bit interesting—during the pullback, it didn't drop much, but once it started to fall, it was prone to sharp drops. Overall, it is still in a slight profit state. The focus in the early morning will be whether the rebound can stay above 3130. If the rebound cannot even stabilize here, it indicates that the small timeframe lacks strong support, and the decline will continue. At that point, pay close attention to the support levels at 3055 and 3000 below.