Happy weekend, friends! Bitcoin once again rebounded from the bottom to the upper resistance level of 106173 and did not show any significant extension momentum. Ethereum followed a similar trend to Bitcoin, dipping to the 2500 level in the early morning before stabilizing and rebounding to the 2582 high point, which is also under pressure. The current market is in a technical correction phase.

From the current chart, Bitcoin did not enter a direct downtrend after two consecutive daily declines but found support around the 103000 level. Due to multiple influences from recent news, the price has been fluctuating significantly, and the daily price has retreated to around the 105000 level, forming a recovery again. Yesterday, a large bullish candlestick formed with a long lower shadow, indicating strong resistance below, and the selling volume was too high, waiting for a bullish rebound to build momentum. On the four-hour structure, a small V-shaped reversal structure has emerged again, but the integer level has not formed strong breakout momentum and is instead slowly oscillating upwards, with the Bollinger Bands opening showing a downward bias. Therefore, the strategy remains to capture a rebound in short positions based on price corrections, adjusting quickly according to the live market trends.

In the morning, Bitcoin can be shorted in the range of 105500-106000, with a focus on the 104000 level. Ethereum can be shorted in the range of 2570-2600, with a focus on the 2450 level. #比特币 $BTC