Reviewing today's afternoon market, the price trend shows a fluctuating upward recovery pattern. After touching the critical support level of 100300 in the early morning, the bullish momentum gradually revived during the day, pushing the price steadily higher, and the evening successfully reclaimed losses, reaching a high of 103900. Although the current position opened in the afternoon triggered a 600-point stop loss due to short-term volatility, from a macro trend analysis perspective, the current market downtrend has not fundamentally changed. We still maintain a bearish outlook.

From the daily technical pattern analysis, after consecutive bearish candles leading to a one-sided decline, a significant bullish candle has reclaimed losses and formed a V-shaped reversal pattern, indicating that the bearish momentum is quickly weakening and the bulls have successfully reclaimed most of the lost ground. It is worth noting that this round of recovery shows a typical characteristic of time exchanging for space, as bullish momentum continues to accumulate during the consolidation process after a significant decline. The subsequent upward momentum is still worth looking forward to. Looking at the four-hour chart, the pullback after the intraday rebound is limited, and there is no significant trending downward probe. However, the current rebound is still aimed at breaking through the downward channel, and for a change to a bullish one-sided market, attention should be paid to the breakthrough of the middle track. Key focus on the evening non-farm data, whether it can create an upward trend in the overall consolidation.

Bitcoin can be shorted around 104000, looking at around 102000. Ether can be shorted in the 2480-2500 range, looking at around 2400. #BTC