Reviewing the overall market trend around noon, Bitcoin experienced a slight rise before peaking at the 106759 line, where it faced resistance and failed to continue upwards, instead declining under pressure, indicating insufficient bullish momentum. With the price stopping and falling, it has now approached the 106000 level for testing. Opening up space for a downward move is just a matter of time. Ethereum saw a slight rise in the morning, reaching a peak of 2467 before stopping, with the market now showing a trend of continued slow retraction, currently retreating to around 2422. The bearish outlook we provided this morning is still ongoing!

Looking at the four-hour level, although there were consecutive bullish candles earlier, they all showed long upper shadows, completely crushed by bearish pressure. Despite the bulls' struggles, they have been absorbed by the bears. Currently, there is a tug-of-war between bulls and bears, reflecting a gloomy market sentiment, with neither side breaking the deadlock, showing the market's hesitant attitude. Given the strong momentum from the previous rise, there is significant selling pressure above. The overall market shows signs of hitting a peak, and without an effective breakout, upward momentum is limited. In the short term, we still prefer to participate around low buying!

Bitcoin: In the afternoon, short around 106500. Target 103500

Ethereum: In the afternoon, short around 2450. Target 2370