Since the multiple layouts of short positions above 110000 and 2730 for Bitcoin/Ethereum, the overall space is significant. Yesterday afternoon, a short position was again laid out above 105000 and 2610, with the market dropping multiple times in the evening and early morning, reaching a low of around 100300 and 2380, which also filled the space directly. Currently, the market has rebounded, but the rebound is not a reversal; it is just a repair of the short-term significant decline. It was previously emphasized multiple times that Bitcoin's weekly chart has had eight consecutive positive candles, and last week it started to retrace and show a negative candle. The market will continue to decline further, and the market has also moved as expected multiple times. The primary focus going forward should be on the daily MA moving averages and the support and resistance level at 104000 and 2520 after a short-term breakout.

Bitcoin lost the 101000 USD mark late last night, with a significant intraday decline. From the daily chart, the upward momentum is insufficient, and the price is under pressure but still within the upper band of the Bollinger Bands, operating above the ma5 and ma10. The four-hour chart shows that the Bollinger Bands are in a contracted state, with the price operating within the lower band, the MACD showing a death cross and slowly moving down above the zero axis, and the bearish sentiment starting to increase. The RSI three lines are trending down below the 50 line, and the KDJ is turning downwards, indicating a clear bearish trend in the short term. Ethereum has shown a significant overall retracement, with the upper support level at 2500 to 2520 being broken multiple times, and further reliance on this support and resistance transition suggests a gradual bearish outlook.

Trading Suggestions BTC: Near 103300 to 103800, target around 101500; ETH: Near 2470 to 2490, target around 2410. $BTC