In the afternoon session, the price comparison showed a pattern of rising and falling back. After the price surged to a relatively high position of 105459, bearish forces dominated the market, resulting in several consecutive long bearish candlesticks. The densely arranged bearish candlesticks significantly reflect the strength and persistence of the downtrend, with each bearish candlestick pushing the price gradually lower. Currently, the price comparison is close to the lower range. Although there are occasional small bearish and small bullish candlesticks alternating briefly, suggesting signs of a tug-of-war between bulls and bears, the overall situation has not broken free from the constraints of the downtrend, and the short-term downward inertia still exists, indicating strong trend continuation.

From the current market perspective, during the process of retreating from the high, the price comparison effectively broke below the middle support line and continues to run along the lower line, with the lower line becoming the current short-term support level. The Bollinger Bands are showing a downward divergence, indicating a high probability of a continued short-term downtrend; if the price can stabilize and rebound back above the middle line, there is hope to reverse the weak pattern. Otherwise, once the lower line is effectively broken, the downside potential may further open up. From the technical indicators, the K value continues to cross down through the D value, forming a death cross, and both have been moving downward synchronously after the death cross, indicating that bearish momentum still holds the upper hand in the short term, with price momentum weakening. Close attention should be paid to whether the K and D values can turn upward and form a golden cross. If this signal appears, combined with the candlestick patterns, it could be seen as a sign of a short-term rebound initiation. The DIF line crosses down through the DEA line to form a death cross, and the negative MACD histogram continues to lengthen and expand, clearly conveying the signal that bearish sentiment dominates and downward momentum continues to be released. However, if the MACD histogram starts to shorten subsequently, and the DIF and DEA lines show convergence, it may suggest a weakening of downward momentum, providing potential opportunities for a rebound in the price comparison.

For Bitcoin, short positions can be taken in the range of 105200-105700, targeting around 102000; for Ethereum, short positions can be taken in the range of 2530-2550, targeting around 2440. $BTC