The evening market has once again completed a cycle, with the price dropping from the 110,000 mark to a low of 108,500. It can be seen that the market is generally fluctuating back and forth. Ethereum is also catching up and currently showing a volatile structure. After touching the upper high point around 2711, it faced downward pressure, and the overall rhythm remains in a wide range of fluctuations.

From the current market perspective, the Bitcoin daily chart shows a structure of four consecutive upward candles, followed by a doji candle with prominent upper and lower shadows, indicating that the market is still in a consolidation range. This aligns with our thinking. In the four-hour structure, the price did not form a new low after continuously exploring the bottom, and each time it touches the bottom, it is followed by a secondary exploration of highs. There is a tug-of-war between bulls and bears, and a one-sided structure has not formed a certain continuation space. Therefore, time is being exchanged for space, and in the short term, responses can be relatively flexible. On the hourly chart, the price shows a horizontal consolidation trend. Continuous bearish candles are not exerting sustained strength but are undergoing a technical correction before building up strength again. The rebound high points are also gradually weakening. For intraday operations, it is recommended to look for a rebound short position below 107,000.

In the morning, Bitcoin can short at 109,300-109,800, targeting around 107,000, and Ethereum can short at 2660-2690, targeting around 2550. #比特币 $BTC