In the afternoon, we provided a strategy for retracement to enter long positions, successfully capturing a thousand-point space. The market continues to be in a slow rise and squeeze pattern. Recently, due to the strong breakout of the one-sided structure, Bitcoin will definitely enter a range-bound oscillation pattern in the short term, trading time for space, with bulls and bears engaging in mutual competition. Additionally, on the four-hour chart, after a series of bullish candles, it touched the upper pressure level again. The momentum has not been able to sustain and create effective space, followed by a slight retracement but still lacking strength, failing to drive the weak structure into a strong depth. After being pressured by the upper Bollinger band, the moving averages have also slightly tilted upwards, and the current four-hour candle has formed a long lower shadow touching the middle band. Therefore, in the short term, this position can be viewed as support; as long as it holds, we can continue to expect a rebound.

In the evening, Bitcoin can be shorted at 106000-106500, looking at around 104500, while Ethereum can be shorted at 2500-2520, looking at around 2400. #比特币 $BTC