In the afternoon, the market continued its oscillating pattern, with indices running steadily within the range. Although the overall volatility is limited, this mild consolidation trend creates an ideal trading environment for short-term investors.

From the current 4-hour K-line trend, the Bollinger Bands show a clear narrowing trend, indicating that prices have entered a narrow oscillation consolidation phase, with the short-term trend exhibiting a neutral to weak pattern. In terms of technical indicators, the DIF and DEA lines in the MACD continue to run below the zero axis, clearly showing that the market is still dominated by bearish momentum; however, the histogram has not significantly enlarged, indicating that the current bearish strength has not reached extreme levels. The RSI is in the neutral zone, and this reading highly aligns with the current oscillating market characteristics, as there is no obvious unilateral trend formed in the market, and we continue to maintain our short rebound strategy.

Bitcoin: Short near 105000-105300, short-term target 103500. Ethereum: Short near 2545, short-term target 2470.