The market will always leave a good position for those who are well-prepared. The current dormancy is to shine even brighter in the next bull market. The price of Bitcoin has not fluctuated much this afternoon, clearly showing a horizontal consolidation. We did not enter our positions in the morning layout, waiting for a breakout signal before making any moves. Currently, the price is still oscillating around 1,047,000.

From a technical analysis perspective of Bitcoin's trend, the price is close to the middle line of the Bollinger Bands, with the upper line flattening and the lower line pressing down. The channel is converging and overall trending downwards, with increasing pressure above and support below to be tested; from the MACD line, although the histogram is shrinking, it remains in the negative zone, indicating that while bearish strength is diminishing, the rebound momentum is insufficient; the KDJ indicator shows a death cross, with the K line crossing downwards through the D line, and the J line turning downwards, highlighting short-term adjustment pressure and possibly further declines; the RSI indicator across multiple time frames is near the neutral line of 50 and weakening, reflecting a balance between buying and selling power but with the buyers gradually weakening, lacking upward momentum. In summary of all indicators, bearish sentiment is dominant. If the price breaks below the support of the lower line, it is highly likely to initiate a new round of declines, and the short-term bearish pattern is difficult to change. #鲍威尔发言 $BTC

Bitcoin strategy: Short around 105,000, target 103,800.

Ethereum strategy: Short around 2,530, target 2,475.