As night falls, the market trends are unfolding as expected. The short position strategy at 106500, accurately laid out in the afternoon, successfully took profit when Bitcoin dipped near 104500. Subsequently, Bitcoin quickly began a rebound, and our previously provided short-long suggestion successfully captured this wave of upward opportunity. Currently, Bitcoin's price has retreated below 106000, entering a phase of oscillation and adjustment. Ethereum's movements are highly correlated with Bitcoin, first dipping to a low of 2586, then quickly rebounding, with the price currently stabilizing around 2620, also in a state of oscillation and consolidation.

On the daily chart, the price continues to engage in a tug of war around the lower shadow line area. After consecutive bearish candles, the bulls' counterattack encounters strong resistance from bears, resulting in a stalemate. Meanwhile, the Bollinger Bands are continuing to tighten, indicating a significant reduction in market volatility, with fundamental factors increasingly highlighting their driving effect on the market. On the four-hour chart, after Bitcoin touched the low near 104500 in the early morning, the price has remained oscillating around the lower band throughout the day. Although both bulls and bears alternately hold the upper hand, it is worth noting that the resistance level above is showing a gradual downward trend. Despite a certain defense line being established by short-term support, maintaining a range-bound oscillation pattern, the middle and lower bands of the Bollinger Bands are continuously tilting downwards, and the rebound momentum is evidently insufficient, indicating that the downward pressure remains heavy. The current market has yet to shake off the bottom-seeking trend, and with the effective breakdown of the key support level at 105000, the next important support level has moved down to around 102000.

Bitcoin can be shorted in the range of 106000-106500, aiming for around 104000. Ethereum can be shorted in the range of 2620-2650, aiming for around 2570.