Today's overall market price trend shows a distinct characteristic of 'rising and falling, dominated by bears.' Previously, the bulls' momentum was strongly released, pushing prices upward, peaking at the key resistance level of 108900. However, as prices climbed to high levels, the balance of power between bulls and bears fundamentally shifted - selling pressure at high levels gradually released, and bear forces began to dominate the market, leading to a continuous downward trend. The price of Bitcoin fluctuated nearly five thousand points throughout the day, and as of now, the price has retreated to around 104200 for correction and adjustment. Although there are signs of easing in short-term fluctuations, the overall trend is still under the control of bears. Our bearish outlook has been consistent today, and we successfully captured more than three thousand points in the medium to long term with Bitcoin. With such a favorable market, has everyone been trading based on my ideas?

From the current market perspective, during the process of price falling from high levels, it broke through the mid-track support, showcasing the weakening of bull forces and the bears starting to take control. The current price is close to the lower track, which provides some support for the price. The Bollinger Bands show an expanding trend, indicating that the amplitude of future price fluctuations is likely to intensify. The KDJ has formed a 'death cross,' which is a typical signal for the initiation of a bearish trend; the green bars continue to elongate significantly, visually reflecting that the downward momentum is being released. If there are no major positive stimuli in the short term, the bear forces are unlikely to dissipate quickly. The appearance of long upper shadows on the daily chart indicates the exhaustion of bull forces and the initial sign of a bear counterattack - during the price surge, strong selling pressure encountered forced the price to retreat, the bullish offensive was hindered, and bears began to exert force, with the bearish candlestick gradually expanding, completely covering the previous bullish candlestick's body, which means that bear forces have successfully suppressed the bulls. From the four-hour chart, multiple large bearish candlesticks appeared consecutively, with the length of the bearish candlestick bodies continuously elongating and the lower shadows generally being short. The short lower shadows indicate that during the price decline, the buying support below is weak, making it difficult for bulls to organize effective counterattacks. The market is completely controlled by bears. This 'crushing' downward pattern reflects the strong and continuously released bear forces, with prices continuously probing lower under bear dominance, and it is hard to see signs of a trend reversal in the short term.

Bitcoin can be bought in the range of 104700-105200 in the early morning, targeting around 102500; Ethereum can be bought in the range of 2500-2530, targeting around 2400. $BTC $ETH