Reviewing the overall market trends at noon, Bitcoin experienced a slight rise, peaking at 106,759 before facing selling pressure and stopping there, and it has not continued upward since. Conversely, it has declined under pressure, indicating insufficient bullish momentum. As the price has stopped and dropped, it has now approached the 106,000 mark for testing. Opening downward space is just a matter of time. Ethereum, after a slight rise in the morning, peaked at 2,467 before halting, and the subsequent market trend has shown a continuous slow retreat, currently retracting to around 2,422. The bearish outlook we provided in the morning is still ongoing!

From the four-hour chart perspective, although there were consecutive bullish candles previously, they all showed long upper shadows, and the bullish uptrend has been completely crushed by bears. No matter how much bulls struggle, they have all been absorbed by the bears. Currently, there is back-and-forth tug-of-war, showing a depressed market sentiment, with neither side breaking the deadlock, also reflecting the market's hesitance. Given the strong momentum from the previous rise, significant selling pressure is now evident above. Overall, there are signs of a market top, and without achieving an effective breakout, the upward momentum is limited. In the short term, we still participate in low bullish positions!

Bitcoin: Short around 106,500 in the afternoon. Target 103,500

Ethereum: Short around 2,450 in the afternoon. Target 2,370