The morning Bitcoin price trend shows a significant 'sharp rise and fall + oscillation adjustment' structure. The bulls pushed the price quickly up to a high of 106173, and then the bears took over, causing a substantial drop, with the lowest point dipping to around 105150, forming a deep pullback. Currently, the price has entered a stage of oscillation and consolidation, with repeated battles between bulls and bears. If it cannot effectively break through key resistance or support, the oscillation pattern may continue, and Ethereum aligns with Bitcoin's trend.

From the current market perspective, during the process of rising and falling, the price briefly broke through the upper band, then quickly fell back and broke through the middle band. The current oscillation range is mainly between the middle band and the lower band. The middle band exerts some pressure on the price, while the lower band serves as short-term support, indicating that the overall price performance is currently weak and oscillating. If it can break upwards through the middle band, it may open up space for a rebound; if it breaks below the lower band, it may drop further. From a technical indicators analysis, the J value is at a relatively high level but has not entered the overbought zone. The K value has crossed above the D value, forming a golden cross, indicating that the short-term market has some rebound momentum, with bulls trying to gain strength in the oscillation. However, the strength of the golden cross is limited by the overall bearish trend. If the K and D values can continue to rise, it may strengthen the rebound signal; if the J value turns down, the rebound may encounter resistance and fall back. The MACD green bars, although showing signs of shortening, are still in an overall bearish arrangement, indicating that while bearish power has weakened, it has not completely dissipated, and the trend remains bearish. If the MACD can form a golden cross and the red bars expand, it may reverse the bearish pattern; if the green bars extend again, the price is likely to continue to decline. Moving forward, key position breakthroughs need to be closely monitored. In terms of operations, short-term low buying and high selling opportunities within the oscillation range can be focused on, and following the trend after a breakout.

You can short Bitcoin in the 105500-106000 range, targeting around 104000; for Ethereum, you can short in the 2570-2600 range, targeting around 2480. $BTC $XRP