On Thursday afternoon, the Bitcoin market slightly dipped to a low point around 104560 before stopping and rebounding. After reaching a high point around 105032, the price faced pressure again and fell back, with the overall trend still running within a small range. The Ethereum market in the afternoon showed a fluctuating upward trend, with the price climbing to a high point around 2544 before starting to fall back. In the afternoon, Brother Sheng seized a wave of bullish rebound and decisively positioned a long Ethereum position, entering around 2519 and exiting at 2544, capturing a 25-point profit.

From the current market perspective, the four-hour level shows that after experiencing two consecutive bullish candles, the market retraced with a small bearish candle. Both bulls and bears have not provided a significant range, and the price has consistently been running below the middle band of the Bollinger Bands, indicating that the overall market is in a state of oscillation and consolidation. From the one-hour level, after giving two consecutive bullish candles, the market again experienced two consecutive bearish candles. The overall market remains in a cycle of oscillation within a small range. Since the price is trapped in a state of being hindered from further decline and struggling to break upwards, we will continue to maintain a high-short low-long strategy as the market has not broken out of the range.

Bitcoin can be shorted around 105300 with a target of 103500.

Ethereum can be shorted around 2550 with a target of 2450.