The overall fluctuation of $BTC in the early hours is limited, having dipped to the 107456 level before rebounding. It is currently oscillating around 108200. The price movement of Ethereum is highly synchronized with Bitcoin, both are currently repeatedly contending within this range, and neither has been able to achieve further continuation of the trend.

From the four-hour chart, the four consecutive bearish candles have caused the price to retract nearly a thousand points. The appearance of long lower shadows indicates strong support near 107500. Moving forward, it is essential to monitor whether this support level can be effectively broken. If it breaks, the market may retract further; if it does not break, it may enter a consolidation phase. The hourly chart shows that after the price fell below the middle band, it is forming a slow downward trend around the middle and lower bands. Although there is a rebound under pressure at the lower band, the candlestick pattern reflects insufficient bullish momentum and limited rebound strength. Therefore, the short-term bearish outlook remains unchanged.

Bitcoin can be shorted in the range of 108500-108800, targeting around 106000.

Ethereum can be shorted in the range of 2560-2580, with a target focus around 2460