The cryptocurrency price has been fluctuating back and forth for almost a week, and finally today we saw a break from the range. Previously, there was resistance in the north and support in the south, with both bulls and bears pulling back and forth, which was really uninteresting. Currently, the price has fallen below the recent low of this fluctuation period, and Bitcoin has over 3000 points of space today. However, it has maintained its profit margin, while the altcoins have made less of a move, only 73 points. The market is often like this; it may not go your way, and it may not go mine either, but fortunately, today I was right again. Keep a clear mindset, and when it's time to act, act; opportunities won't wait for you.

From the current market perspective, Bitcoin is in a technical adjustment phase after a pullback. As mentioned earlier, the price can only be considered healthy if it pulls back to around 105500/104700. Currently, the price has rebounded near 105500, but it cannot break the resistance at 108800, which many people have likely noticed, so I won't elaborate further. At present, looking at the four-hour chart, the market has formed a downward channel structure. The lower Bollinger Band has been broken but hasn't shown an increase in volume, instead, it has entered further adjustment. However, the weakening signals are already quite obvious, and the idea of a rebound for short positions can still be extended. The target for the downward phase has already reached 104700, and for the short term, the rebound pressure is currently at 106700. If it breaks, then everyone can try around 107300.

For the strategy on Bitcoin: near 106300-106700 to short, target at 104700. For those being cautious, pay attention to whether the subsequent rebound can break above 106700; if it does, then attempt around 107300.

On the altcoin side, you can simultaneously look to short around 2440-2460, targeting a break below 2380 to move down to around 2330.