Today, Bitcoin rose from around 105500 to 106800 and then quickly fell back to around 104800, currently oscillating at 105200; Ethereum rose from 2510 to 2588 and then retreated, currently fluctuating at 2520.

The four-hour structure shows that Bitcoin bulls are reducing their volume, indicating a lack of upward momentum. The key support level is at 104200; if it breaks, a faster decline will occur. If the upper level of 106500 cannot be breached, the price will remain under pressure. In the one-hour structure, Bitcoin bears are increasing, and bearish sentiment is strong. Pay attention to the lower level of 104600; if it is lost, bears will continue to probe lower.

In summary, the evening is dominated by bears, and the market sentiment is bearish. Bitcoin can be shorted on a rebound to 106000 - 106500, with a target of 104500 - 104200;

Ethereum can be shorted on a rebound to 2565 - 2585, with a target of 2490 - 2465. Remember to set stop-loss orders and strictly control risks. #BTC挑战11万大关