The financial market is like a surging tide; in today's rapidly changing economic landscape, only by maintaining a keen market sense and continuously exploring ways to break through can we accurately identify our own value growth opportunities amidst the thick fog. Looking back at the past week, we formulated a bearish strategy, which was validated by the market—prices successfully stabilized and rebounded after retracing to around 105000. During the week, although some short positions unfortunately triggered stop-losses, as the market price broke through key ranges, we quickly adjusted our strategy, adhering to the principle of following the trend, and turned bearish again after prices climbed to 110000. By Friday evening, the bearish force further released, and the price retraced to around 108000, entering a consolidation phase.

This month, Bitcoin experienced a period of continuous upward momentum, but recently the K-line showed a significant long upper shadow pattern. This signal indicates that when the price reached the high of 111959, it encountered strong selling pressure, making it difficult for bulls to maintain their offensive at high levels. Although the current price remains at a high level, the emergence of the long upper shadow undoubtedly reveals substantial resistance above, indicating that Bitcoin's long-term upward trend may have entered a phase of adjustment; looking at the weekly chart, after reaching a high, the price gradually entered a phase of oscillation and decline. The K-line pattern mostly consists of small bodies with upper and lower shadows, reflecting the intense struggle between bulls and bears, with the market direction currently unclear. Once the price effectively falls below the Bollinger middle band support, combined with signs of a turning point in the KDJ indicator at a high level, Bitcoin is likely to initiate a weekly-level correction; from a daily-level analysis, the price has been oscillating within a high range, with the current high still within a downward channel. The K-line frequently displays small bodies and multiple shadows, fully demonstrating that short-term bullish and bearish forces are in a stalemate. Currently, the price hovers near the Bollinger middle band; if this important support level is lost, coupled with the MACD indicator's red bars continuously shrinking and the KDJ indicator showing a trend toward a death cross, Bitcoin is likely to accelerate downward in the short term. Based on the above analysis, we recommend subsequent operations to focus on a high short strategy.

Bitcoin can be shorted around 109000, targeting around 105000; Ethereum can be shorted in the range of 2550 - 2570, with target price around 2400. $BTC $ETH