$BTC

From the 4-hour K-line chart, the market encountered significant resistance after reaching the upper band of the Bollinger Bands, followed by a downward trend consisting of four consecutive bearish candles. The current price has effectively broken below the support level of the middle band of the Bollinger Bands. The MACD indicator shows that the fast and slow lines formed a death cross above the zero line and have been diverging downwards, with bearish momentum bars gradually increasing, indicating that the strength of the bears is strengthening. The trading volume has shown a moderate increase during the decline, suggesting that selling pressure in the market is gradually being released. In the early morning, we will continue to look for a rebound with a high short position.

Bitcoin: Short near 108100-108600, short-term target 106800

Ethereum: Short near 2540-2550, short-term target 2460