$BTC From the current overall structure, the market sentiment remains strongly bearish in the short term, and there has been no significant rebound to recover losses. Instead, the pressure above is continuously decreasing, with high points moving lower. The continuous downward trend during the day and evening opens up considerable space, indicating that there is indeed a good amount of room available. In the short term, it is expected that the market will first experience fluctuations before moving downward. Currently, it is also in a phase of competition between bulls and bears, which can be considered a consolidation phase. Therefore, for subsequent entries, it is advisable to primarily maintain a bearish stance.
Short positions can be taken around 108500 for Bitcoin, with targets focused on 107000-106500.
For Ethereum, short positions can be taken at 2530-2550, with targets focused on 2400.
