The large cake has continued its downward trend since early morning. Although there was a technical rebound, the price has remained around the 105,000 mark.

The four-hour chart shows a low-level consolidation state, with the Bollinger Bands continuing to narrow. The distance between the upper and lower bands is gradually decreasing, and recently the candlesticks have mostly been small real bodies alternating between bullish and bearish, indicating a relatively stalemate between bulls and bears. However, overall, under the backdrop of the downward Bollinger Bands, bears have a slight advantage, lacking a clear series of bullish candlesticks for a significant rebound, reflecting insufficient short-term bullish momentum in the market.

Large cake 106,000 short, target 104,500

Ethereum 2,560 short, target 2,500