The morning market once again showed a fluctuating structure characterized by a rise followed by a drop. Bitcoin's bulls briefly surged to around 103800 before facing pressure and retreating, with the market dropping to a low of around 102900, maintaining a low-level consolidation. Ethereum, on the other hand, exhibited an extraordinary breakout, following Bitcoin's rise and peaking at around 2650 before retreating under pressure. Given the significant volume increase, the subsequent drop will also be considerable, currently pulling back to the 2565 line to halt the decline, with the current market fluctuating around 2580. The morning provided a bullish outlook; although Bitcoin did not reach the target point, due to entering the market in the early hours, the morning surge provided nearly a thousand points of space to take profits. As for Ethereum, it aligned with our expectations, rising to around 2650 and then stopping the increase. In the morning, Ethereum's orange strategy allowed us to capture both sides, totaling a profit of 115 points in space.

　　The weekly chart shows five consecutive bullish candles, with each large bullish candle requiring a doji candle for high-level adjustments. Last week, the increase provided nearly 10,000 points of space, yet this week has not produced effective bullish volume for adjustments from last week. Currently, the deep V shape has appeared, indicating a certain need for a pullback. Although we are in a high-level consolidation, unless we recover above 104000 this week, there could still be some space for a deeper adjustment. Looking at the daily chart, as the horizontal consolidation gradually breaks, the current upward channel may be disrupted, and the indicators show signs of a death cross forming. The consolidation still shows signs of a pullback, but the intention for high-level consolidation is evident. We will wait for the market to break the upward channel before synchronously observing the deeper adjustment. In the short-term four-hour chart, the Bollinger Bands are flattening. After quickly recovering from a low point, the market is still under pressure after rebounding from the bottom, just correcting the downward movement. Currently, the openings of the Bollinger Bands have not been broken, and the short-term consolidation will continue. A substantial breakthrough below would signal a deeper adjustment. In the short term, maintain a fluctuating outlook with a focus on short positions, and short-term operations should be at your discretion.

　　Bitcoin can be shorted in the range of 104000-103500, targeting around 100700. No long-term bearish plans for Ethereum at this time; continue to focus on low buying, with buying opportunities between 2550-2580, targeting around 2650. #BTC #ETH #比特币