Good morning! Yesterday, the market exhibited a fluctuating rise with a rebound that lasted until around 4 AM, after which the price quickly fell, completely aligning with our previous expectation of a rise followed by a fall. The key question now is whether the market will continue this downward trend today?

Analyzing the performance of major cryptocurrency assets, it can be seen that after the initial wave of跌 last week, a震荡反弹 pattern formed from the weekend to yesterday. The反弹 strength of Bitcoin is relatively stronger, but it failed to break through the key reversal point, and ultimately fell back, indicating signs of ending the反弹 and restarting the downtrend.

From a technical perspective, Bitcoin's rebound in the morning faces pressure around the 107500 area, while Ethereum is at the 2620 area. After the rebound, these assets are likely to enter a震荡下行通道 again. It is worth noting that if the price falls below yesterday's low, the market is likely to initiate a second major下跌浪段, while yesterday's high constitutes a key turning point in the短期走势.

From the overall market rhythm, this rebound followed by a fall pattern indicates that the market has not yet found solid support. Investors should remain cautious and pay attention to the performance of key support levels to assess the strength of the downward movement.