BTC1-4 hour long-short battle, the price drops instantly and is pulled back, the price rises and is smashed back down instantly, the handover between long and short is very intense, everyone is looking for the highest probability of rising or falling. The 4-hour chart has already shown signs of exhaustion. If it breaks below the 102500 range, it is very likely to drop to the price of 100800. Whether above or below, there are a large number of contract liquidations. The closer it gets to this market decision of whether to rise or correct, the more contracts there are to provide liquidity.

In the last 12 hours, large transaction data shows that the total amount of large market sell orders from the main force reached 81.25 million, far exceeding the buy orders of 49.53 million, with a net outflow of 31.72 million and a buy-sell ratio of 1:1.64, showing a clear short-selling trend. Especially after the $8.7 million large sell order crashed the market last night, the price continued to be under pressure. The latest 2-hour cycle K-line, although supported by 3.56 million buy orders, failed to reverse the downtrend signal. Technically, the current KDJ dead cross and top divergence resonate, further validating the short-term bearish signal, and the price may test the EMA24 moving average support.

Operation suggestion:

Go long on Bitcoin at 100800, first target 103500, second target 105000.

Go long on Ethereum at 2400, first target 2500, second target 2580.