$BTC In the afternoon, the market continued its downward trend, with Bitcoin prices continuing to decline, reaching a low of 108456, while Ethereum also faced pressure, briefly dipping to a low of 2525 during the session.

From the hourly K-line chart, Bitcoin prices show a clear trend of oscillating downwards. After hitting the upper Bollinger Band, the price began a sustained downward trend, with the K-line combination forming a standard continuous downward pattern. Although there were brief rebounds during this period, the bullish momentum was clearly insufficient. These rebound candlesticks generally appeared as doji or small body shapes, and trading volume continued to shrink, indicating weak market buying intentions. The hourly trading volume distribution shows characteristics of increased volume during declines and reduced volume during rebounds. With the U.S. stock market closed in the evening, it is estimated that there won't be significant market movements, primarily oscillating within a range, and a strategy of selling high and buying low can be adopted.

Bitcoin: Short near 109500, short-term target 107000

Ethereum: Short near 2570, short-term target 2500