Afternoon Market Review: The market continues its downward trend, with a noticeable lack of momentum for rebounds during the session. Although there were brief signs of stabilization in the morning, the bearish pressure persisted in the afternoon, leading to a step-like downward movement in the indices. Our previously established short-term trading strategy was executed well. When the anticipated rebound did not arrive as expected, we decisively took profit, achieving a steady small gain.

From the 4-hour chart perspective, the market briefly dipped to touch the support level of the middle Bollinger Band during the Asian session, followed by a technical rebound, but the rebound strength was significantly insufficient, encountering strong resistance near the middle band. Currently, the candlestick pattern shows a clear 'dark cloud cover' formation, and the MACD indicator continues to expand below the zero axis, with the fast and slow lines in a bearish arrangement. From a technical standpoint, the current price is clearly under pressure near the middle band, and the evening market is likely to continue the current downward trend, suggesting that investors maintain a bearish outlook. If the price effectively breaks below the middle band support, the next target can be seen near the lower band. It is recommended to focus on shorting during rebounds.

Bitcoin: Short near 106000-106500, short-term target 103800

Ethereum: Short near 2580, short-term target 2500