The afternoon market saw a certain rebound, with the highest ratio recovering to the 105500 line before facing pressure and retreating. The ratio then retested and broke below the 105000 mark, continuing to oscillate around the bottom. Ethereum, in the afternoon, did not show much volatility, oscillating around the low range of 2500-2530, and is currently showing a certain momentum for proper consolidation. The recent focus still needs to be on whether the situation in the Middle East further deteriorates, affecting the current landscape.

Currently, the market is presenting a low-level consolidation. The afternoon rebound reached the 105500 line, touching the Fibonacci 61.8% value for a retest. The trend is currently unclear for both bulls and bears, and the overall low-level consolidation will continue to gather momentum. The four-hour candlestick structure has recovered and returned within the Bollinger Bands, with the MACD indicator's fast and slow lines maintaining a consolidation below the 0 axis. In the short term, continue to maintain range operations. After the market closes and stabilizes above the 105500 line, consider reversing to chase longs. Ethereum appears slightly stronger; if the market does not stabilize and recover to the 2570 line, there is still a certain space for pullback. The current trend is still a weak structure, so the operation should continue to follow the trend and treat it as a high short. Pay close attention to the movements of the US stock market in the evening.

Bitcoin can short near 105500, with a short-term target around 104200. Ethereum can short in the 2550-2570 range, looking toward 2500 nearby. ​#合约交易