Good morning friends, the morning Bitcoin has once again rebounded to around the high point of 105800, facing pressure. The bulls have not provided a sustained extension space, instead, it has oscillated downward to form a technical correction around 105000. Ethereum has also not shown much volatility, maintaining its operation within a range-bound structure. As long as both bulls and bears hold the key range points and the entry direction is consistent, making profits should be quite easy.

From the current market perspective, Bitcoin has shown signs of a bottom rebound after two consecutive daily gains. The market cannot simply move in a one-sided structure; instead, it provides a certain space for correction. Currently, the price is still correcting at the pressure point of the middle track. In the four-hour structure, the K-line has three consecutive gains, oscillating upward from the lower track to the middle-upper track K-line closing in the red. The Bollinger Bands show obvious signs of contraction and pressure, and the KDJ moving averages are disordered and turning downward. It is recommended to mainly maintain a bearish outlook during the rebound.

For Bitcoin, you can short in the range of 105500-106000, targeting around 103000. For Ethereum, you can short in the range of 2530-2560, targeting around 2420. #比特币 $BTC