In the afternoon, the market experienced a mild rebound, with Bitcoin's price rising to a peak of around 106,486 before stopping, while Ethereum also climbed to touch the resistance zone of 2,568.

From a daily chart perspective, the current market is testing the middle band of the Bollinger Bands. The price is oscillating repeatedly near the lower side of the middle band. The MACD indicator's dual lines are flattening near the zero axis, and the red momentum bars are showing weak growth, indicating that the market has not yet formed a clear one-sided trend momentum. The price has repeatedly tested the support of the middle band but has failed to break it effectively, while also facing resistance from the short-term moving average system above. This evening, we continue to maintain a bearish outlook.

Bitcoin: Short near 106,200 with a short-term target of 104,10

Ethereum: Short near 2,565 with a short-term target of 2,480