Market Review

Yesterday's market was quiet with limited volatility. We provided a short-selling strategy for the range of 106000-106500 in advance, and the market came under pressure and fell back after reaching around 106700 in the evening. We subsequently released a limit order for short-selling benefits in real-time. Although the intraday volatility was small, we have already achieved a profit potential of over a thousand points, and the market trend completely aligned with our expectations, successfully reaching our profit target.

Technical Analysis

From the four-hour structural chart, the price has stopped falling at the support level of 103000 and has begun a corrective phase of oscillation upwards. However, overall, it is still operating within a downtrend channel, with significant pressure at the key resistance levels above. The current market trend has not reversed, and the likelihood of continuing the downtrend is high, with various auxiliary indicators releasing bearish signals.

Operational Suggestions

Short-selling Strategy: When Bitcoin rebounds to the range of 106000-106500, one can enter a short position, targeting the downside at 103600-103000.