Tonight can be described as a bloody storm, and the idea of a rebound high short has also been consistently reminded. Our real trading operations this evening have successfully captured this wave of market with a strong long-short equity strategy. We decisively took the opposite position on the short order we entered at 118706 when it hit 117930, looking for a rebound. The long positions continued to see higher trade volumes and surged, ultimately capturing a strong 2175 points in space at the 118800 level with one short and one long order, marking another fruitful day.

Looking at the four-hour chart, the price has risen sharply with consecutive bullish candles near the middle line, followed by a medium bearish candle that quickly engulfs most of the previous gains. Currently, the price has returned to the previous consolidation range, and the tug-of-war between long and short positions has intensified again. The short-term direction has not yet been confirmed, and the MACD energy bars have shifted from negative to positive, but the MACD slow line is gradually converging, about to form a death cross. In the short-term hourly chart, after the price fell below the middle line, a large bullish candle quickly pushed the price up strongly above the upper line, followed by a rapid decline with a large bearish candle leading the price to drop below the middle line again. The fast and slow lines are gradually converging, suggesting that the market may continue the previous downtrend in the short term.
Short at around 118600 for BTC, pay attention to around 117500; Short at around 3700 for ETH, pay attention to around 3600.
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