Looking back at the intraday market, after the US stock market closed, the market sharply declined and touched the support level of 100,300. Throughout the day, it remained in a corrective pattern of fluctuating upwards. The intraday market continued to rise, and the non-farm payroll data released in the evening was unfavorable, yet the market rose instead of falling, indicating an intention to liquidate the high leverage above. Referring to recent market fluctuations, almost all price movements occurred before the opening of the US stock market, while the closing points indicated the market's direction. Our real-time layout for the day also faced some losses, breaking the continuous winning streak of this week, but overall, considering the earnings from early morning, it is still relatively considerable.

From the intraday trend, the current market shows obvious signs of encountering resistance during the upward surge, with hourly K-line showing significant obstacles. Tonight, Bitcoin and Ethereum quickly fell after reaching highs of 105,300 and 2,530, respectively. This key point corresponds to the support area that has been tested and rebounded multiple times before; after the price broke below, this area has completed a top-bottom conversion. For the subsequent market to open a new round of upward space, it needs to effectively break through this key resistance level. The short-term support to focus on is the low formed by the spike last night; if this support is lost, the market is likely to start a new round of downward movement. Analyzing from the weekly technical pattern, Bitcoin has seen a continuous rise for seven weeks, but this week it recorded a decline for the first time, indicating a decrease in short-term upward momentum. In terms of operations, we will continue to short at high points.

Bitcoin can be shorted in the range of 104500-105000, targeting around 103000. Ethereum can be shorted in the range of 2485-2500, targeting around 2400. #BTC