The story of Bitcoin is not primarily about the dizzying price curves, but rather a long validation of a belief in decentralization. It has distilled a simple truth over time: amidst the frenzied bubbles and biting winters, what can anchor you is the clarity to see through the fog and understand the essence, along with a calm determination like a mountain. This morning, I began to remind everyone of the idea of shorting after a rebound; earlier, Bitcoin first surged, reaching a high of 107500. We captured over 1200 points on our long positions and then shorted in accordance with the trend, with our short positions also gaining 1000 points. The market is currently in a state of fluctuation, with the price running around 106800.

From the hourly chart, after a series of upward candles this morning, Bitcoin displayed a pattern of one bearish and one bullish candle in the afternoon. Following a spike to 107500, the market was expected to see a pullback, but the price remains in a state of fluctuation. In fact, this phase is the easiest for liquidation; although, based on the structure of price movements and market sentiment, the bearish side has much more space than the bullish side. However, attention must still be paid to news and the breakout situation at the resistance levels above the price. The 4-hour chart shows a combination of a doji star and a long upper shadow, indicating that the bulls' attempts to push higher have failed. The MACD golden cross is maintained, but the red bars are shortening, indicating a decline in upward momentum. The RSI is at 58, not overbought but turning downwards, suggesting short-term pullback pressure.

On the Ethereum side, the technical indicators show a descending knife pattern, with rebounds repeatedly constrained by strong resistance at 2500. The 4-hour chart forms a descending triangle, with bottom support moving down to 2310. The dual lines below zero show a dead cross, with green bars expanding, and the bears still dominate the market. This evening, Bitcoin's Silk Road remains unchanged.

Bitcoin can be shorted directly near 107500 with a target of 105500.

Ethereum can be shorted directly near 2480 with a target of 2380.