Bitcoin has once again slipped this morning, consistent with the recent bearish outlook. The current price has already shown a consecutive downward trend. On the daily chart, it is approaching the middle track crossover and is currently undergoing a technical correction. From a four-hour structure perspective, after breaking through the middle track, the price continues to maintain a downward trend with weak rebound strength, awaiting accumulation to test the lows again. Combined with the weak rebound at the round number on the daily chart, the bearish indicators are becoming increasingly apparent. In terms of operations, we are still watching whether the lower support can be effectively broken, maintaining a bearish outlook around the second low point.
Bitcoin can be shorted within the range of 107800-108300, with a focus on the vicinity of 106500. Ethereum can be shorted within the range of 2770-2800, with a focus on the vicinity of 2680.
