This week's plummet of 112,000 marks the beginning of the bear phase, or is it a support rebound? Looking ahead to next week, how will TBC.ETH perform?

Looking back at this week, the high short strategy has once again paid off. Last weekend, a long-term bearish outlook was given at 119000, aiming for 110000. At the end of the week, there were multiple reminders to be bearish, and on Friday and Saturday, it directly broke below 112000. The wave, with a medium to long-term space of 4000-7000 points, was quite profitable. From Monday to Thursday, there was a tug-of-war in the range, and being stuck in the range also brought in substantial profits. Overall, the high short strategy this week was supplemented with low longs, making it easy to trade and pick up profits.

Looking back at Bitcoin, it broke through the 113,000 support on Friday and continued to decline on Saturday, setting a new low again. Although there is some short-term support, the rebound space is limited and the strength is weak, overall still in a bearish trend. On the weekly level, after being pressured at high levels, it closed with a large bearish candle, also showing a top signal. On the daily level, after high-level fluctuations and adjustments, there have been consecutive large bearish declines, presenting a bearish pattern. The Bollinger Bands are also diverging downward in sync, with no obvious rebound signs in the short term. In summary, the large-scale market trend has clearly weakened, and the chances of continuing to decline in the future are high, so our overall direction remains bearish.

Looking at ETH again, before the price breaks 3900, the entire network has already provided short signals in the 3900 area, with a current low of 3550. This has also been validated in the medium to long term. Currently, the rebound is similarly limited, and all major levels are showing a bearish pattern, so the larger direction continues to look bearish.

In terms of operations, it is recommended to short at around 114000 and 115000 for Bitcoin, adding to the position at 116000. For short-term, look at 112000. For the swing trade, target 110000, and for the medium to long-term, look at 105000, with a breakout target of 100000.

Short ETH in the 3520-3600 area, with a band target of 3300. For medium to long-term, look at 3100. Long-term target is 2900.