Morning Analysis!
Bitcoin and Ethereum are consolidating at high levels on the daily chart, with rebounds quickly followed by pullbacks, long upper shadows frequently appearing, and high points declining, indicating a significant bearish dominance.
In the early morning market, Bitcoin fluctuated in the range of 106300-107700, stabilizing around 107000 after not breaking support; Ethereum dropped to a low of 2390 and is currently consolidating at 2420.
Short positions established at high levels have already generated profits, and in the short term, it is recommended to look for shorting opportunities on rebounds while closely monitoring changes in key support levels.
Bitcoin can be shorted around 107400, targeting around 105100.
Ethereum can be shorted around 2430, targeting around 2280.
