The early market continues to decline, with Bitcoin and Ethereum both continuing to fall. As previously analyzed, the support around 106000 is relatively weak and can be easily broken, so the strategy is to set up defenses properly and operate in the direction of the trend after a breakout. The so-called 'whale protection' news is obviously not reliable enough, and we decisively executed short positions in Bitcoin and Ethereum, both making a profit. It is necessary to remain vigilant during significant market fluctuations; once a trend diverges, the reversal will be irreversible.

From a technical perspective, Bitcoin's daily chart maintains a unilateral downward trend, but the lower boundary of the range has formed a doji candle, indicating that the momentum for further declines may have eased. On the four-hour chart, although the Bollinger bands are opening downwards, the candles show a small bearish candle after a tug-of-war between bulls and bears, suggesting that the unilateral downward trend has weakened somewhat. On the hourly chart, after forming a 'continuing downward' pattern, a large bullish candle has appeared, indicating a short-term trend shift to bullish. The support level at 105000 is particularly critical. Currently, the price is operating above this support level. Overall, the market is inclined to see a rebound.

Trading suggestion: Buy in the range of 105100-105600 for Bitcoin, with a defense below the integer level, targeting around 106500.

For Ethereum, buy in the range of 2550-2580, with a defense at 2550, targeting around 2650.