The market is like a journey with no end. Even the experts have their moments of failure, and the smartest traders can get caught at critical moments. True masters are those who learn from losses and can quickly adjust their strategies.

Today's afternoon market indeed gave everyone a significant shock. First, there was a rapid surge that swept out many short positions, followed by a quick turn to decline. This back-and-forth movement knocked over more than 3,000 points from Bitcoin's range, and Ethereum also dropped about 100 points simultaneously. With such large fluctuations, naturally, some are happy while others are worried. Many retail investors are probably feeling conflicted now—working hard to enter the market, only to end up with nothing but anxiety. But from another perspective, such daily volatility actually provides an opportunity to turn things around. The key is to grasp the rhythm.

From a technical standpoint, Bitcoin faced obvious resistance around 89,500, then volume increased and it fell back, returning to the previous consolidation zone. On the four-hour chart, the candlesticks shifted from high-level stagnation to downward correction, with the middle band of the Bollinger Bands beginning to flatten or slightly slope downward. The momentum of the overall trend has clearly weakened. The market is now officially entering a phase of sideways consolidation and range-bound oscillation.

Looking at the one-hour cycle, after continuous volume-driven declines, the price started to decrease with reduced volume, showing signs of stabilization. However, the rebound strength is relatively weak, a typical weak retracement after a fall. The short-term moving averages are still diverging downward, so this rebound is at best a mood correction and not enough to reverse the trend.

Overall analysis suggests that in the short term, it’s better to follow the trend and go long or short accordingly. You can look for opportunities to short between 87,600 and 87,800, with a target of 86,000. For Ethereum, establishing a short position around 2,940 to 2,960 is more prudent, with a target of 2,830. Avoid blindly bottom-fishing, as the market signals are not yet clear enough.