There is no eternal spring in the cryptocurrency world; bear markets are the true touchstone for investors. When the market is sluggish, instead of complaining about the unfairness of fate, it is better to calm down and study the fundamentals of projects in depth, refining your investment strategy. Bitcoin fell to a low point of 99,500 in the evening but then fluctuated upwards to a high point of 106,000, as the market delivered a significant rally, reclaiming all previous losses. In the rapidly changing market, we strategically positioned ourselves to take short positions before turning long, directly capturing nearly 3,000 points of space. The market movements are enigmatic, with a daily increase providing nearly 6,000 points of upward space. Exiting positions closely followed Bitcoin's trend reversal, but how many people can keenly sense the direction?

From the current market perspective, Bitcoin's daily chart shows a strong bullish candle, with a daily volatility of nearly 6,500 points, successfully reclaiming the retracement space of the previous three days. After pulling back to the middle band, the price continued to retest, but the overall downward trend did not extend further, with the lower band still securely above the 100,000 integer level. In the short term, the market will engage in a tug-of-war around the middle band, focusing on the support and resistance conversion in this area. The 4-hour chart indicates that the market has broken through the previous downward channel, and the price has rebounded and stabilized above the 103,000 level, suggesting that the short-term retracement momentum has been mostly exhausted. However, after rebounding to the strong resistance zone near 106,000, the price is again under pressure; this level remains the current key resistance area. Due to the quick rise in the morning, there may be a certain pullback demand in the short term, necessitating attention to the strength of the correction and support levels.

In the afternoon, one can short Bitcoin in the range of 105,000-105,500, eyeing around 103,500, while Ethereum can be shorted in the range of 2,410-2,440, targeting around 2,300.