The morning trading shows a weak consolidation, and the price ratio has slightly rebounded. The short position has seized the opportunity to layout, and is still in the market. The market rhythm completely aligns with our previous predictions, and the bearish volume has slightly increased. This operation fully demonstrates that a pullback is necessary. The Ethereum side is progressing simultaneously, with bearish volume increasing, currently trading around 2392. As long as we strictly follow the principles of timing, avoiding chasing highs and killing lows, and not entering the market blindly, the true strength lies within the rhythm.

From the current trend, yesterday's daily line closed with a medium to large bullish candle. Although the rebound is strong, the high has not broken through the mid-band resistance or stabilized above the previous high. Overall, on a larger scale, it still belongs to a corrective rebound, which has not changed the oscillation pattern. Currently, the price ratio has once again faced resistance after reaching the previous high area, and the candlestick has gradually turned bearish, indicating a short-term need for a pullback correction. On the four-hour level, the price ratio rebounded from around 98000 to 106000, forming a complete V-shaped rebound structure, with sufficient release of wave space. Currently, the price ratio has weakened again after a pullback, and we need to pay close attention to whether the 106500 line can effectively break through. If it breaks upward, further upward rebound space up to 110000 is expected; if it faces resistance again, it means the market is still in a pullback channel, and the short-term rhythm should continue to focus on short positions.

Short position on Bitcoin at 105000-105500, with a target down to around 103000; short position on Ethereum at 2400-2430, with a short-term target of 2300. Overall, maintain the strategy framework of 'breaking upward and going long, facing pressure and going short,' keeping up with the rhythm and controlling the levels, making real trading naturally smooth.