Yesterday's bearish outlook was provided for the day. I believe that friends who followed Feige's ideas should have profited regardless of the entry points. In fact, taking profits isn't that difficult; managing entry points and grasping the range can be quite easy. Today, during the Dragon Boat Festival, the big pancake remains in a weak structure. This morning, it fell from a high near 105000 to a low at 103000, facing resistance, and did not provide a strong rebound signal. It is still undergoing a technical correction trend. On the daily chart, there have been five consecutive bearish candles with increased volume, indicating clear bearish pressure. The overall rhythm has shifted from consolidation to rapid decline. On the four-hour chart, the price has plunged to the lower Bollinger Band, with the candlestick pattern operating outside the lower band, showing a clear bearish trend. Although there are small rebound patterns, they still provide space for another round of consolidation. The KDJ indicates a contraction pattern, suggesting that after the market's rapid decline, momentum is dissipated before a re-adjustment. Although there are short-term signs of a bottoming out, the rebound momentum remains weak. Currently, the price is also in a low consolidation phase. It is recommended to focus on bearish positions during rebounds.

In the afternoon, a short position can be taken around 104500, targeting 102000. For Ethereum, a short position can be taken around 2550, targeting 2430. #比特币 $BTC