The K-line is not only a representation of price comparison but also a projection of market sentiment. In the early morning, Bitcoin rebounded as expected, reaching a high of around 95426, but faced resistance and has now retreated to around 93800, a decline of over 1500 points. The price comparison remains near the middle line of the Bollinger Bands and has not effectively broken through the upper band, indicating a lack of upward momentum. If it further breaks below the middle line, it may test the lower band and continue to decline.

From the current trend, on the four-hour chart, the Bollinger Bands are flattening, with price fluctuations close to the middle line and no effective break through the upper band, indicating weak upward momentum. Technical indicators show that short-term bearish forces have increased, with a bearish trend dominating. In the smaller timeframe, the price comparison strongly dives down, quickly rebounding when reaching the lower resistance range, with previous lows not broken. We will place short positions when the price rebounds, focusing on the continuation of the downward trend. If the rebound directly breaks through the resistance level, we may change our strategy.

Short Bitcoin at 94600-94900, looking at around 92700.

Short Ethereum at 1810-1820, looking at around 1740.