The Bitcoin daily chart is caught in a low-level tug-of-war oscillation, with a weak market limiting the short-term price adjustment space. This week, it has continuously tested the 103,000 integer level but remains stable and rebounds. The weekly and monthly charts are repeatedly testing the highs, confirming after multiple attempts. The structural adjustment is not yet in place, while the weakening of the price comparison seeks support downwards, still providing significant momentum for Bitcoin to reach new highs. The 4-hour chart shows shrinkage oscillation around the middle and lower Bollinger Bands. At the beginning of the week, it again tested the 109 level but faced pressure and fell back, dropping from the upper band to the lower band. Currently, it is repeatedly stabilizing above the lower band and is approaching the middle band for a rebound. The rhythm continues to show a meandering repetition rather than a one-sided movement. With a weak market, support continues to move upwards after consolidation below, but the sustainability of momentum remains weak. After reaching new highs, attention should still be paid to the resistance strength around 105-106. In the short term, there is still a possibility of a pullback after a rise. Currently, it is in a tug-of-war oscillation between 103-105, with a short-term focus on the interval oscillation. In terms of operations, taking short positions at high levels and long positions at low levels can yield slight profits. Tonight, the focus continues to be on the price comparison zone, with the high point returning to the low point for a corrective pattern, then choosing to enter long positions at lower points while carefully timing the entry. Both long and short positions have good space.

Bitcoin can be shorted at 104800-105300, targeting around 103500; Ethereum can be shorted at 2530-2550, targeting around 2450.