The contract of $BTC is not about betting high or low; it is the art of probability, strategy, and psychological games! The true winner is the one who continues to learn and evolve. Every trade, whether profitable or not, is a valuable tuition fee. Delve into reviews, refine your skills, and improve your system! Remember: controlling drawdowns is more important than pursuing excessive profits; longevity is the hard truth! Use cognition as your foundation and risk control as your safeguard. When you are strong enough and stable enough, volatility becomes your net for capturing value. Keep going, be the one who laughs last! Today's Bitcoin early session faced resistance and fell back from a high of 109107, with the first wave of correction finding support at 108273. Subsequently, the bulls counterattacked to a daily high of 109738 but failed to stabilize, dipping down to 108429 to find support. Ethereum showed relatively strong performance, rebounding strongly from a low of 2588, reaching a high of 2674 before entering consolidation. Throughout the day, I maintained a bearish outlook, and both longs and shorts had room to take profits. I also seized the opportunity to capture the trend of two corrections during the day: I opened a short position at 109000 in the morning and took profits at 108300, perfectly capturing a 700-point move. In the evening, I established another short position at 109300 and took profits at 108500, gaining another 800 points.

From the current 4-hour technical analysis, the market trend shows typical characteristics of a sideways consolidation. After experiencing a series of narrow fluctuations, there was a sudden increase in volume during the evening. The bullish momentum could not be sustained and faced a strong counterattack from the bears after reaching the resistance zone, ultimately forming a doji candlestick with significant long upper and lower shadows. While the current market exhibits strong bullish momentum, it lacks sufficient supporting strength to break the previous highs, making it difficult for the upward trend to form an effective breakthrough. The market has tested the upper resistance several times, and after multiple pressures, the bears will inevitably launch a large-scale counterattack. The bearish outlook remains unchanged after midnight, and at 2 AM, there will be a Federal Reserve meeting where we can observe first and then follow the trend for positioning.

Bitcoin: Short near 109500 with a short-term target of 108000.

Ethereum: Short near 2675 with a short-term target of 2600.