As mentioned earlier in the morning, the overall trend remains unchanged, still primarily bearish. After touching the low of 98115 during the early hours, the price of the coin rebounded at noon, reaching 102000 and facing resistance again. On the contrary, in the afternoon, a downward trend was observed, and bearish sentiment still exists. Bitcoin's intraday performance shows a reverse 'V' pattern. Ethereum's movement is relatively small; after a rebound from the bottom during the early hours, the price reached a high of 2277 and then stopped. Throughout the day, the price of the coin basically maintained a fluctuating trend around 2250.

From a technical perspective, bears dominate the market, and the bottom's recent pullback has not given further breakout signals. Therefore, it is advisable to continue to follow the trend with a bearish outlook. On an hourly basis, the intraday market has already shown a trend of five consecutive declines. The gains from the bullish rebound have also been reclaimed by the bears. As the market continues to trend lower, we will still participate in high shorts this evening.

Operational Suggestions

Short near 102000 for Bitcoin. Target 100000

Short near 2270 for Ethereum. Target 2180#BTC