The Fed's interest rate cut decision and monetary policy press conference have just concluded, and Bitcoin immediately plunged at midnight: it fell straight from yesterday evening's high of 118738 to a low of 115700 before stopping the decline, while Ethereum also dropped, reaching a low of 3677 before a slight rebound.

The key lies in the fact that we have long anchored our bearish path—entering a short position on Bitcoin at 117896 and exiting at 115980, securing a steady profit of 1900 points, with our thoughts aligning perfectly with the market conditions! It is important to know that the crypto world is never a place for overnight riches; rather, it is a long-term journey that requires knowledge accumulation, mindset refinement, and strategic planning. Only by enduring the bear market can one embrace the glory of the bull market.

Looking at the current market:

- The four-hour chart shows a clear stepwise decline, with bulls repeatedly rebounding but failing to break through the range. Momentum continues to weaken, and the rebound highs are gradually moving lower, indicating a clear dominance of bears.
- After a large bearish dip in the one-hour cycle, it rebounded to above the lower band of the Bollinger Bands with four consecutive bullish candles, but the MACD double lines are still below the zero line, indicating that the rebound is merely a correction and there is no signal for a trend reversal.

Therefore, the morning operations continue with the rebound short strategy:

- It is recommended to short Bitcoin around 118,000, with a target of 116,000;
- Ethereum suggests to lay short positions around 3800, with a target of 3650.
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