Yesterday, Bitcoin gradually rose in the afternoon, rebounding to the 110,000 mark, fully reclaiming the previous price retraction caused by market news, allowing bulls to celebrate for a day. Ethereum also followed Bitcoin closely, maintaining the same rhythm without providing significant pullback opportunities, instead exhibiting a slow upward squeezing pattern. Our bearish outlook from yesterday encountered misfortune, with a few hundred points of space, but quickly reversed based on market analysis, bringing in several thousand profits. When the market is strong, one should go with the flow; when it's time to stop, one must stop. Don't be stubborn; once profits are taken, don't analyze whether the trend will continue, as this will only affect subsequent operations.

From the current market perspective, Bitcoin's daily chart shows that after breaking below the lower track, it did not generate extended momentum. Instead, it has risen with four consecutive bullish candles, bringing the price back to the 110,000 mark. Bullish momentum is strong, constantly pushing the support level upward, and the weak structure has quickly transformed into a strong structure recently. The unilateral structure is strong and has a large base, which tests the entry point for intraday trading. On the four-hour level, after adjusting the mid-track, the price shows an oscillating upward trend with continuous bullish candles probing higher. The Bollinger Bands are also opening and maintaining an upward trend. Based on the current pattern, previously capped at 112,000, the key focus today will be whether the price can stabilize at 111,500. If it fails to refresh the high, there is a high probability of a significant retracement forming. Currently, it seems that the short-term will maintain high-level consolidation and repair. The suggested operation is to short at high levels.

Bitcoin can be shorted in the morning at 110,500-111,000, with a focus on the vicinity of 108,000. Ethereum can be shorted at 2,730-2,750, with a focus on the vicinity of 2,620.