The bearish outlook has been confirmed again. The intraday price movement has been relatively slow, maintaining a narrow sideways consolidation at a high level. Feige emphasized that the rebound short is also being validated again. Due to the opening of the U.S. stock market in the evening, the price has shown a step-down trend, which aligns with our bearish outlook. Entered short when Bitcoin was at 108,942, and exited when it dropped to 107,150, achieving nearly 2,000 points. As long as friends who follow Feige's ideas pay attention, I believe everyone has gained considerable profits regardless of their entry position during the day. The market trend is still being grasped appropriately. For those who are still confused about how to enter, you can directly follow the rhythm to help you regain your strength as soon as possible.

From the current structural perspective, Bitcoin has experienced two consecutive bearish candles on the daily chart, completely giving back the previous rebound space. The upper pressure remains strong, lacking effective continuation space. Moreover, yesterday's closing produced a doji candlestick, and today the price has once again oscillated down to a low level. On the four-hour chart, a large bearish candle has directly pierced the lower band, and after the market's horizontal consolidation, it has not provided a certain rebound space. Following consecutive doji candlesticks, the price is gathering strength to explore lower levels. A prolonged sideways trend inevitably leads to a decline, which is a common market norm. Currently, it also provides a certain correction after a retracement. The hourly chart shows three consecutive bearish candles continuing to decline, and the Bollinger Bands' moving averages are still running downward. The recommendation for operations in the early morning still suggests looking for a rebound.

Bitcoin can buy in the range of 106,500-107,000, targeting around 108,500. Ethereum can buy in the range of 2,600-2,630, targeting around 2,700. #比特币 $BTC