Looking at the fluctuating K-line of $BTC , doesn’t it feel like the market is an unpredictable and fickle girl? Just when she gives you a little rebound, making you think, "Alright, this time it’s a real bull market," the next second she falls back mercilessly. Those who successfully bottomed out in the morning are laughing, while those who chased high are crying, and those who stood by, while slapping their thighs shouting "if I had known...", are still tangled up wondering whether to jump on the train now? This market is specialized in treating all kinds of disobedience and fantasies, there’s always a way to harvest you. During the day, Bitcoin found support after touching a low of 108480, then launched a strong rebound, peaking at around 110484; Ethereum followed suit, rebounding from a low of 2555 to a high of 2635. However, both major cryptocurrencies failed to effectively hold their high positions and eventually fell back again. Based on accurately analyzing market trends, we successfully captured the intraday situation, making a total of 5 trades during the day, with 4 Bitcoin trades perfectly taking profit, accumulating a gain of 4000 points; Ethereum also performed well, successfully gaining 42 points.

From the current 4-hour K-line chart, the bullish main force has organized three consecutive attacks, trying to break through the key resistance above, but each time it touches the resistance area, it faces strong selling pressure, forming a clear long upper shadow pattern, with insufficient market following sentiment. We maintain our trading strategy from the early morning, suggesting to continue adopting a rebound high short operation approach.

Bitcoin: Short near 109700-110200, short-term target 107000

Ethereum: Short near 2590, short-term target 2500