Good morning, brothers! Let's talk about the current trend of Bitcoin.

Yesterday, when Bitcoin was around 104700, I posted that there was a need for a pullback, and we could short one lot. From the picture, you can see that I went short near 104600, setting the take profit near the convergence trend line, and you can see that the evening trend and my take profit space were exactly the same, achieving precise take profit.

So at this time today, we should pay attention to whether Bitcoin can stabilize and move upwards in the range of 103700 to 103900. Only then can a large ascending wedge be formed, while the upper level is still pressured by the 105000 mark. A breakout is needed to push towards 106 and 107.

On the contrary, if it breaks below the trend line, we need to look for a pullback near 100200, because from the current four-hour level, there is a long upper shadow shooting star, but we also need to wait for the closing confirmation of the pattern. However, it is likely to close with a long upper shadow bearish candle, so the probability of a pullback is also quite high. The short-term 15-minute candlestick indicates that the bearish forces are stronger. Not to mention that the Bollinger Bands are narrowing, indicating that the market will choose a direction, further confirming the probability of a market pullback. The area near 100200 is a key support.

So right now, it is a watershed moment: stabilize and move upwards, or break down and pull back.

Ethereum is currently just in a sideways consolidation, a simple adjustment.

Finally, I wish all the brothers wealth and prosperity.