Wednesday continues to be bearish, maintaining a high-short strategy.

Why continue to be bearish? Because there are no reversal signals in the market. Although the support at the 66,000 level held effectively during last night's pullback, the overall trend remains within a range-bound consolidation. In recent days, there has been no significant breakout.

From a technical perspective, a bottom has not yet been confirmed. After a sharp decline, the market is consolidating, which is just a routine adjustment. There is a high probability of a second test of the lows later on.

Time factors also need to be considered. The window for a small-scale rebound is expected to be around late February or before the Federal Reserve's rate decision in March. Until then, it will be difficult for the market to reverse, and continuing to short on the trend remains the main strategy.

Since the direction hasn't changed, sticking to a single trend in operations is sufficient.

Tonight's outlook: resistance at around 68,800, support at 66,000. After a rebound, short positions can still be considered.

For Ethereum, follow the same approach: resistance at 2060, support at 1870, with a focus on shorting.