The intraday market has once again completed its cycle. Bitcoin has maintained a downward trend throughout the day, pulling back to stabilize around the evening low of 101500, then rebounding to the high of 102700, where it faced resistance. With the opening of the US stock market, the price again made a high and then retreated, bringing Bitcoin down to the low of 101200. The support below is relatively strong, allowing for a rebound and consolidation around 103000. Ethereum has followed the same trend as Bitcoin, with a continuous downward movement, pulling back to stabilize and rebound around the evening low of 2475, overall exhibiting a weak structure and operating within a fluctuating range. The day maintains a low long strategy, with short-term operations also revolving around long and short trades. The intraday layout for Bitcoin has yielded nearly two thousand points, while Ethereum has seen about a hundred points of movement. The market continues to be accurately grasped, and those who are not good at controlling range points may consider giving it a try.

From the current market perspective, the weak structure of the market is still quite evident. The four-hour chart continues to show a downward trend, breaking below the lower Bollinger Band and then rebounding for correction. The indicators currently still show a downward divergence trend, and the rebound strength is also getting lower each time. The market once again presents a V-shaped structure. The moving average of the Bollinger Band is also slightly turning downwards. We will continue to monitor the resistance at the bottom of 101800, and if there is a rebound, we should sell at highs.

Bitcoin can be shorted between 103500-104000, with a target around 101000. Ethereum can be shorted between 2570-2600, with a target around 2450. #比特币 $BTC