#BTC #ETH From the 4-hour level perspective, the persimmon market shows a relatively complex wave trend. The price comparison has experienced multiple bouts of intense competition, and continuous upper shadow lines indicate that the sellers encountered strong pressure from the buyers during their upward attempts, unable to effectively maintain high positions. Especially after reaching the 109769 level, a long upper shadow line was quickly formed, signifying heavy selling pressure above, with the buyers' strength gradually increasing. Moreover, the price comparison has faced resistance in consecutive upward movements, further confirming the lack of upward momentum in the short term. The continuous pressure further solidifies the current weak structure, and in the absence of effective buying support, the upward space is already limited. The subsequent market trend is likely to continue the retracement trend, and attention should be paid to the strength of support levels below. The short-term strategy still looks for a rebound first, and take the opportunity to sell at high positions.

 Operation advice

Bitcoin: Around 109500—109800 sell, target first at 108000

Ethos: Around 2670 sell, target first at 2580