The bearish outlook in the morning has once again been confirmed, with the comparison giving a downward trend pullback to the 106800 low point as expected, followed by a start of upward oscillation. This aligns with our recent view of the range. Ethereum, on the other hand, rebounded to the 2788 high point under pressure, and since the space is limited, we did not position ourselves in Ethereum. After giving a bearish outlook in the morning, Bitcoin entered a short position near 108300, waiting to exit around 106900 at noon, successfully capturing over a thousand points again. It's that simple; grasping such a good trading pattern is like picking something up. I believe everyone has been following my thoughts on this.

Looking at the current market, Bitcoin is basically consolidating at a high position on the daily chart. After horizontal movement, neither bullish nor bearish has provided a definite unilateral structure, but rather, they are testing the critical points of an upper and lower range. As the end of the month approaches, the major dividing line will also depend on the market trend in June. Currently, the four-hour chart shows repeated fluctuations, with bulls and bears pulling back and forth. The upper Bollinger Band is touched and then immediately followed by a pullback, while a drop to the lower band quickly leads to a rebound. As time increases with space, the trend remains swinging within a box. At present, it is also in a high position correction. In the afternoon, maintain a bearish outlook around 108500, and operate flexibly in response to small-scale formations.

In the afternoon, Bitcoin can short at 108300-108800, looking at 106500 nearby, and Ethereum can short at 2730-2750, looking at 2620 nearby.