Today's market trend fluctuates. Bitcoin started to rebound around 108400 in the morning, faced pressure after reaching 110700 in the afternoon, retraced to 108333, and then rebounded. Currently, the price is around 111742. Ethereum's trend today synchronized with Bitcoin, first rebounding from the morning low of 4205 to around 4414, then faced pressure and retraced until now where the price is around 4275. Our bearish outlook has been precisely fulfilled today, with a total of 5 trades executed: three short positions in Bitcoin yielding a total of 3415 points, and two short positions in Ethereum yielding a total of 194 points.

From the four-hour chart's overall structure, the market is currently in a low-level consolidation phase, with prices continuously testing the lower support. Based on volume and candlestick pattern analysis, the effective trading volume that previously boosted the market has not yet appeared, and the market mainly exhibits 'wick' type fluctuations, indicating that a clear directional consensus has not yet formed. The current core focus is on the middle Bollinger Band resistance level: if the price cannot break through this resistance, the bearish forces are likely to further release, pushing the market downward. It should also be noted that the Bollinger Bands have entered a contraction phase, which means that the current narrow consolidation state is about to end. Tonight, we still prioritize the rebound to short.

Bitcoin: Short positions in the range of 110800-111300, targeting around 108000.

Ethereum: Short positions in the range of 4350-4380, targeting around 4200. #Strategy增持比特币 $BTC