The three-day holiday for the Dragon Boat Festival has seen the market rebound for three days, and today greed has stopped loss, returning to 58, with the bulls slightly victorious.

From the news perspective, this week, only Friday's U.S. non-farm payroll data will be released, and it seems that the market is reversing again for another high surge. The probability of a trap for the bulls in this wave is very high. The overall direction remains unchanged, still looking at a trend of oscillating downwards.

Let me briefly discuss the intraday points:

Bitcoin (BTC): The upper pressure is first looking at 106,500, then 107,300. Both positions have been tested before, and the selling pressure is still a bit heavy, especially the latter second resistance level which is a strong barrier. As long as this position is not broken in the short term, the bearish trend continues unchanged.

The lower support looks at 104,850 and 104,200, which are short-term defensive levels. If it breaks down, it will trigger a wave of rapid liquidation. Once the position is broken, the downside could see a large bearish candle.

Currently, it is a typical small rebound followed by a bull trap, oscillating for liquidation without any news.

It is recommended to place sell orders at the first and second pressure levels at high positions, with stop-loss set within 400 points above the second pressure level.

Ethereum (ETH): Talking about Ethereum (ETH), the trend is slightly stronger than Bitcoin, and there is no obvious bearish trend on the K-line chart. In recent days, the altcoin trends have also basically aligned with Ethereum. The direction is a bit confusing, with Bitcoin looking downwards and Ethereum looking for a rebound, as funds are in a game of chance.

ETH's daily level shows significant spikes up and down, indicating that funds are still in play, and the direction has not been chosen yet. For intraday reference points:

The upper pressure levels are 2,680 and 2,640. If these two positions stabilize, there is a chance to continue driving the altcoins to catch up.

The lower support levels are 2,580 and 2,540. Once it breaks below 2,540, the next target is around 2,380.

So, in terms of short-term rhythm, it is still mainly oscillating, testing repeatedly. Before the larger direction is chosen, do not take aggressive actions. Wait for ETH to break through and stabilize, then the altcoins may truly welcome a rotation of catch-up. In the short term, the main view is still bearish.

It is recommended to place sell orders at the first and second pressure levels at high positions, with stop-loss set within 30 points above the second pressure level. The positions in Ethereum should not be too heavy or hold too much faith, as the market trend fluctuates quickly in the game of capital. Withdraw at any time.