The market conditions in the early morning have played out again, with Bitcoin rebounding to around 108,000 for high-level consolidation. Overall, the trend is leaning towards weakness, while Ethereum has also followed Bitcoin's rebound to the 2,686 high point. Last night, a bullish outlook was provided, and some friends profited while others did not; what the market lacks the least is opportunities, flowing steadily.

From the current market perspective, Bitcoin's daily chart shows a downward trend with two consecutive bearish candles, and the rebound observed is clearly not strong enough. Rather, it's a technical correction followed by a second downward test. The rebound momentum is insufficient, but the support structure on the four-hour chart remains decent. Once the lower boundary breaks, a rebound starts to emerge, and the Bollinger Bands are operating in a flat state. On the hourly chart, the price reached the 108,000 mark and immediately retreated, with strong resistance still above. Market sentiment is high in terms of observation, and trading volume has decreased. Therefore, the operational suggestion remains to maintain a bearish outlook during the rebound.

In the morning, Bitcoin can be shorted in the range of 108,000-108,500, targeting around 106,500. Ethereum can be shorted in the range of 2,690-2,720, targeting around 2,600.