The midday market has once again completed its cycle. The market did not exhibit a strong one-sided trend. After Bitcoin reached a high of 95,700 in the morning and faced resistance, the strength of the bears was rapidly released. It stabilized after touching around 93,445, and then provided some room for a rebound, although the rebound was not significant, and the bullish momentum appeared somewhat insufficient. Currently, the price comparison is also oscillating around 94,500, possibly entering a trend of further fluctuations. Ethereum exhibited a similar trend to Bitcoin, touching a high of 1,841 in the morning before facing resistance and retracing, stabilizing after reaching a low of around 1,780.

From the current perspective, after two consecutive bearish daily candles, the upward space from the previous few days has given back nearly all. Bitcoin did not further decline in the morning and welcomed a slight rebound after testing the support below. Currently, Bitcoin is still within a range of sideways consolidation; from the 4-hour perspective, after Bitcoin made consecutive bullish candles and reached a high near 97,865, it faced resistance. It is somewhat difficult to break through the 100,000 mark, and the subsequent slow downward movement has opened a downward channel. Currently, both bulls and bears are in a tug-of-war. From the 1-hour perspective, the downward trend of Bitcoin has become more evident since reaching the high over the weekend. The price comparison broke through the lower bound and began to rebound. In the afternoon, our strategy remains unchanged: after the bottom rebound, we will short, and everything will be based on the actual situation.

In the afternoon, Bitcoin can short at 94,500-95,000, targeting around 93,500, while Ethereum can short at 1,810-1,840, targeting around 1,770. #BTC $BTC