I looked at the trends of $BTC and $ETH tonight and wanted to share my thoughts. The trend of Bitcoin is actually quite clear. A couple of days ago, it broke below the two-day ascending wedge, and now it's accelerating downwards on the four-hour chart, currently oscillating around the 102000 position. From a medium to long-term perspective, I still lean towards a bearish outlook. If the price rebounds to the range of 102500 to 103200, a short position could be considered, with the first target at 101000, and if being aggressive, we might even see 98500 below. The situation on the Ethereum side is also not very optimistic. The MACD histogram on the four-hour chart has been consistently in the negative territory, and it is getting longer, indicating that the bearish pressure is still continuing to ferment. Currently, there are no signs of a volume contraction stabilizing. In terms of trading, you can try to enter a short position when it pulls back to around 3320-3360, with a short-term target looking at 3280 first. If it breaks that level, 3050 is also a possibility. Of course, this is just a personal opinion. The market changes rapidly, so everyone should manage their risk well.

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Stumbled upon something interesting – there's a protocol quietly sitting on 24,226 BTC right now. That puts them at #16 worldwide for onchain Bitcoin reserves. Not just parking assets though, they're actually channeling that into functional DeFi products. Classic case of making those holdings work instead of collecting dust.