The afternoon cryptocurrency prices are still in a slow decline. The bulls' multiple rebounds have not achieved the desired effective results, with the highest rebound reaching around 113300 during the midday, and in the afternoon, it retracted to a low of around 110000, giving another 3000 points of space. Ethereum started to retract from the midday high of 3860, reaching a low of around 3731 in the afternoon, also providing us with over 130 points of space. The ideas presented during the midday were relatively clear, and all expectations were met. Currently, there is not much change in structure, still focusing on the technical points mentioned earlier. The hesitation and retraction are quite deep, with no obvious signs of rebound recovery in the short term, and there is still a need for further downward probing in the short term. On the daily chart, we still determine the strength continuation based on the combination of patterns and closing strength. In the small cycle, the space slightly deepened and the strength was significant after touching the high point yesterday, breaking the strong trend. In the afternoon, we will first look for short positions and observe the continuation of the retraction, then follow up with long positions based on the strength of the retraction.

　　On Saturday afternoon, focus on shorting Bitcoin in the range of 110500-110800, targeting around 108500. For Ethereum, focus on shorting in the range of 3780-3800, targeting around 3660. $BTC