Bitcoin is currently continuing a震荡 pattern, with prices fluctuating in the 106,000 range. The market is displaying a standoff between bulls and bears, with upward momentum being hindered and downward space also limited. Ethereum is similarly maintaining a narrow range, with volatility significantly reduced.

From a 4-hour technical structure observation: Although both the MACD indicator and moving average system are releasing bullish signals, as the price approaches the previous high of $110,655, a key resistance level, if it fails to create an effective breakout, there is a risk of a technical pullback. Special attention should be paid to the volume situation—current trading volume data is lacking, leading to doubts about upward momentum. Additionally, if the price falls below the EMA30 support line, it may trigger a phase of deep pullback.

In the morning, it is recommended to short Bitcoin near 106500-106800 if it does not break, with a short-term target of 103500.

Ethereum: can short around 2480, with a short-term target of 2350.