The Bitcoin market has retraced and broken through our target level on Tuesday night. Previously, it was in a range-bound state, but the bearish continuation is still quite strong. From the four-hour level, the Bollinger Bands are gradually widening, indicating that the market will further deepen. The middle band follows the lower band, forming a downward trend. From the hourly level, the downward trend of the Bollinger Bands is even clearer, and the bearish trend is rising strongly and is unstoppable. We suggest entering short positions during the early hours, with the upper level focusing on 104500 and the lower level on 103000.

Short Bitcoin around 104000 Target 102000

Short Ethereum around 2490 Target 2300

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