Yesterday, the market experienced a slow decline akin to a "frog being boiled in warm water." Although the single-day drop is not exaggerated, this gradual decline is more torturous than a violent spike, with the bulls being repeatedly tormented and struggling to fight back.

Today, Bitcoin is rebounding, currently around 105400, which is a normal technical correction. The key observation point is around 106000, where the previous support has turned into a resistance level, making it a suitable entry point for short positions. The downward targets can be 104000, 103000, or even more aggressively towards 101500.

There is pressure around 2560 for Ethereum Classic. If it rebounds to this level and faces resistance, consider positioning for short trades, as there is still room for a pullback in the short term.

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