Looking back at the morning session's market trends, Bitcoin faced pressure and fell back to around 110983 after reaching a high of 112500. Subsequently, it rebounded from the bottom and as of now, it has not stabilized and has fallen back near the high of 112700. Ethereum similarly exhibited the same movement as Bitcoin, with its lowest point coming to around 4070, followed by a rebound to around a high of 4178.

From the current market perspective, Bitcoin has continuously faced pressure and fallen back after reaching a high in the one-hour timeframe. The price has now receded to above the middle band of the Bollinger Bands, maintaining a weak operational pattern overall. Although the price has slowed down its downward trend after testing the bottom, the bearish momentum has not yet been fully released. The current consolidation is more of a technical repair within a downward process, and the so-called "rebound" is actually a trap for bullish positions, making it difficult to form a sustained upward movement. While the price once came close to the upper band of the Bollinger Bands, the moving average system shows a lack of upward strength, and the so-called "turning point" is more of a short-term fluctuation rather than a basis for a trend reversal. Market sentiment has not truly turned positive, and the short-term fluctuations have instead created conditions for bearish accumulation. Overall, the large pattern still remains in a downward-dominant trend, and any upward rebound can be seen as an opportunity to short at high points. It is recommended to firmly utilize rebound signals for short entry, with a focus on the performance of key resistance areas, as rebounds are the timing for positioning short positions.

In the afternoon, Bitcoin will lay out short positions around 112800-113300, targeting 111000.

In the afternoon, Ethereum will lay out short positions around 4200-4230, targeting 4100. #UXLINK钱包遭黑客攻击 $BTC #加密市场回调 $ETH