$BTC In the afternoon, Bitcoin continued its downward trend with slight fluctuations, rebounding to a high point of 116039 before encountering resistance and falling back, reaching a low of 114055 before temporarily halting the correction. Ethereum's afternoon movement synchronized with Bitcoin, declining from a midday high of 3724 all the way down to a low of 3585 in the afternoon before stopping its drop, subsequently entering a range of fluctuations. Yang Jie entered a short position in Ethereum at 3691, taking profit at 3590, successfully capturing a space of 101 points. There is no need to be overly fixated on being bullish or stubbornly bearish; the key is to pinpoint the levels accurately and execute precisely, allowing for steady profits.

From the daily chart, Bitcoin has seen four consecutive bearish candles, with the price lingering below the middle track, and bulls showing no ability to fight back, with sentiment dropping to freezing point. As bears gradually gain control of the market, the situation is moving towards a new adjustment cycle. After days of tug-of-war between bulls and bears, the bears ultimately gained the upper hand, and the downward trend at the daily level continues to strengthen. Changes in trading volume further illustrate the issue: the volume significantly increases during declines but decreases noticeably during rebounds, and this divergence in volume and price undoubtedly reflects the market's lack of enthusiasm. Our bearish strategy will persist until a clear stop-loss signal appears.

On Friday evening, it is recommended to set up short positions in Bitcoin in the range of 116000-116500, targeting 113500.

On Friday evening, it is recommended to set up short positions in Ethereum in the range of 3700-3730, targeting 3550.