Today's market has come to a close. The Bitcoin intraday trend shows a one-sided downward movement, continuing to oscillate lower since the morning session. After temporarily stabilizing at the key support level of 101500 in the evening, it rebounded to around 102700 and encountered resistance. After the U.S. stock market opened, market sentiment became more volatile, and the price again surged before falling back, testing the bottom around 101200. Due to strong support below, the price rebounded and consolidated near 103000. The Ethereum trend highly overlaps with Bitcoin, showing a downward oscillation during the day. After touching the line at 2475, it began to rebound, overall presenting a weak oscillating pattern within the range. Our overall approach today remains unchanged, with long positions capturing nearly two thousand points of profit, and Ethereum gaining nearly a hundred points of space. The market is indeed easy to grasp; did you catch this wave of profit?

From the current market perspective, the overall trend is mainly bearish. The four-hour K-line chart shows that although the price technically rebounded after breaking below the Bollinger lower band, indicators such as MACD and KDJ continue to diverge downward, and the rebound highs are gradually decreasing, forming a typical V-shaped trend. The Bollinger middle band and moving averages are both turning downward, indicating strong short-term downward momentum. 101800 will become a key resistance level, and it is recommended to first look for a rebound and adopt a high short strategy.

Bitcoin can be shorted in the range of 103500-104000, targeting around 101500; Ethereum can be shorted in the range of 2570-2600, targeting around 2490. #比特币 $BTC