The cryptocurrency market is unpredictable, but human hearts can be steady. In this world full of uncertainties, it is especially important to maintain a calm mindset. Do not be swayed by momentary gains or losses; learn to view each fluctuation from a long-term perspective. On Thursday morning, the Bitcoin market did not experience a significant range, with the price dropping from a high of 105,185 to a low of 104,364 before stopping, and then maintaining a range-bound movement within this interval. Ethereum mirrored Bitcoin, with the market declining from a morning high of 2,549 to a low of 2,509, subsequently beginning to consolidate.

According to the current market situation, the four-hour level shows that after a rebound, the market has again come to a halt. Currently, both bulls and bears are in intense competition, and the market remains within the range between the middle and lower bands of the Bollinger Bands. However, the MACD indicator continues to accumulate in the negative territory, and the fast and slow lines extend below the zero axis without any signs of a trend reversal; hence, the overall trend still leans towards the bearish side. From the one-hour level, the market shows a two-up and one-down pattern, but the bullish candlestick is relatively small, indicating明显多头动能不足, coupled with the fact that the high points after the bullish rebound are continuously declining, it is highly likely that the market will continue to exhibit a weak oscillation in the future. Therefore, we still expect a downward movement after the rebound during the afternoon.

Bitcoin can be shorted near 105,500, with a target of 103,000.

Ethereum can be shorted near 2,550, with a target of 245,080,110,477,080.