From the hourly perspective, after a significant rise to a peak, there has been a substantial decline, forming a clear downward trend. Currently, although there is a small rebound, the overall downward momentum remains unchanged, and the general trend is bearish. After the rebound, the price is around 104851, facing resistance from the previous decline segment above, and it has not broken through the key resistance, making it difficult to reverse the downtrend.

From the four-hour perspective, after the previous rise, there have been several consecutive bearish candles leading to a significant decline, forming a clear downward trend. Although there is a small rebound, the overall downward momentum is dominant, and the general trend is bearish. Currently, the price above is under pressure from the previous decline segment, and it has not broken through the key resistance, making it hard to reverse the downtrend. During the decline, the bearish candle bodies are long, and the rebound bullish candles are relatively weak, reflecting the dominance of bearish forces, lacking effective support.

Bitcoin 105500 short, target near 102000

Ethereum 2550 short, target near 2450