#我在Gate广场过新年 Thursday's market trend remains in a complete downward trajectory, primarily focusing on shorting rebounds. Almost a year has passed, and the least durable in the crypto world has always been time. Bitcoin has fallen from 126,000 to 60,000, but in just over four months; to climb back from 60,000 to 126,000 again requires a series of positive catalysts and a comprehensive market sentiment recovery, which is not easily achievable. At this moment, clinging to expectations of 200,000 or 500,000 is less rational than clearly understanding the current trend.

Yesterday's non-farm payroll data was released, and the results were largely in line with market expectations. The market initially rose then fell; this afternoon's overall trading is weak, and a significant rebound is unlikely. Even if there is tentative buying interest, it won't change the current weak pattern.

The true bottom never offers a calm opportunity for bottom fishing.

In a bear market, avoid blindly bottom fishing or going long. Aligning with the trend direction is far more important than betting on a single-sided move.

BTC: A light short position can be tried if it rebounds to around 67,500. If it reaches 70,000, add to the position. The target remains near 63,800.
ETH: Enter short positions around 1,980-2,000, with a target near 1,830.

Investments carry risks; trade cautiously!