Waking up from a deep sleep, isn't this just the posture for making profits? After yesterday's bearish outlook for Bitcoin, it also met our expectations, as it fluctuated downwards to the low point of 105580 early this morning. Ethereum followed the same trend as Bitcoin, slowly dropping to a low point of 2620 and stabilizing. Fei Ge emphasized several times yesterday to watch for the pullback of Bitcoin; how many people actually listened? But that's okay, friends who were on the right side of the market have also made a significant profit from this wave.

From the current market perspective, Bitcoin has been in a downward trend for three consecutive days on the daily chart, with the bullish trend weakening and the rebound high points continuously decreasing. The candlestick closed bearish with a long upper shadow, indicating a significant increase in market selling pressure. The trading volume has decreased. On the four-hour structure, Bitcoin has dropped from the upper band to the lower band, and the downward trend of KDJ indicates that there is still space below. After a short-term pullback correction, it is likely to build strength again to test lower levels. The one-sided structure is strong, but the market cannot just move in one direction; with large fluctuations, there will be a range of oscillations to adjust direction. On the hourly chart, Bitcoin has shown signs of bottoming out and rebounding after consecutive bearish candles. Therefore, for intraday operations, we still expect a rebound and will short on the highs. If the resistance at 107000 is broken, we will follow the trend.

Bitcoin can be shorted in the range of 106300-106800, aiming for around 104000. Ethereum can be shorted in the range of 2650-2680, aiming for around 2560. #比特币 $BTC