On Friday, the market fluctuated, with Bitcoin forming a V-shaped pattern. Early in the session, bearish forces were strong, causing the price to drop to a low of 104,069. Subsequently, bulls quickly gathered and launched a counterattack, peaking at 105,912. The current price is consolidating around 105,000, with bulls and bears battling within this range. Ethereum's trend is in sync, rebounding after a pullback to the key support level of 2,505, with bullish momentum driving the price upward, peaking at 2,589. It is currently retracing and consolidating around 2,530, showcasing the fierce competition between bulls and bears.

From the 4-hour chart, Bitcoin's price shows a low-level consolidation after a downward fluctuation. After previously reaching a high of 110,653, bearish forces took over, with K-line continuously closing downwards, significantly retreating to a low of 102,614. It then entered a low-level fluctuation phase, with bulls and bears repeatedly battling in the 104,000 - 106,000 range. The K-line alternates between bullish and bearish, reflecting a near stalemate in short-term bullish and bearish forces. The price fell below the middle Bollinger Band, which has turned from support to resistance, guiding the price further down to test the lower band area. The price is operating within the middle and lower Bollinger Band range, with the opening showing signs of convergence followed by expansion, indicating that volatility may intensify; the KDJ's three lines have formed a golden cross at a low level and are diverging upwards, showing short-term rebound momentum; the MACD indicator is in a death cross state, with green energy bars continuing, indicating that the overall bearish trend has not completely reversed, but the low-level golden cross signal may suggest a short-term shift in bullish and bearish forces. Overall, despite attempts at a short-term rebound, the market is still under the influence of the bearish trend, and future focus should be on the effectiveness of the lower band support. If the price continues to break below the lower band, the bearish trend may continue; if it can stabilize and break above the middle band, bulls may have a chance to counterattack.

Bitcoin can be shorted in the 105,700-106,300 range, with a target near 103,800. Ethereum can be shorted in the 2,560-2,590 range, with a target near 2,480. $BTC $ETH