Good weekend, Bitcoin has slightly rallied since last night, reaching a high point of 104500 under pressure. During midnight, it experienced a pullback, stabilizing around 102500 in the morning. Ethereum's movement is similar to Bitcoin's, but the pullback was more significant, also halting at a low point of 2450 in the morning. Currently, it is fluctuating around the 2500 level. Following our strategy provided at midnight, we entered a short position near 104300 for Bitcoin, planning to exit around 103000. Subsequently, as the price continued to drop and stabilized at 102700, we entered a long position, planning to exit around 103600. Together, the short and long positions yielded over 2000 points of profit. The market has been volatile, with no sustained momentum in either direction; thus, taking profits at the right levels is advisable.

From the current market perspective, Bitcoin is still in a sideways consolidation structure on the four-hour chart. After forming a W shape, it has moved up and down within a certain range, closely following the middle Bollinger Band. The opening of the band has not yet occurred, and the moving averages remain parallel. Due to the slow weekend market and poor liquidity, short-term operations can still be approached based on the strategy of buying low and selling high.

Bitcoin can be shorted between 103500-104000, targeting around 102000, while Ethereum can be shorted between 2500-2530, targeting around 2400. #比特币 $BTC