From afternoon to evening, the price has been in a state of range-bound fluctuations. Today is also the last day of the Bitcoin Conference, and the curse of sharp declines during the conference has not been broken, with prices plummeting over 4,000 points during the event. Our thoughts over the past few days have also accurately predicted the market's trend. Whether it's K-line indicators or macro control, we are constantly monitoring any developments in the crypto space.

The price of Bitcoin has dropped by 3% in the past 24 hours, briefly falling below 105,000 to reach 104,600 in the early morning, currently in a short-term adjustment phase, with a daily chart showing a three consecutive bearish trend. The 4-hour RSI is at 54; the MACD histogram is narrowing, indicating weakening short-term momentum. We will still treat the evening according to the White Silk Road strategy, focusing on short positions.

Bitcoin can be shorted at 105,800-105,600 with a target of 104,500.

Ethereum can be shorted at 2,620-2,600 with a target of 250,094,300,645,801,335,147,775,62.