Bitcoin has been somewhat quiet during this period. Since the price retraced from 110,000, it has entered a long correction phase. It has not broken the previous high or the previous low, with bulls and bears pulling back and forth, creating a complex sentiment among investors. Currently, the market has also broken the recent range's low point and is hovering around 105,000. In such market conditions, we must remain true to our intentions and not rush for quick results. Market opportunities will come; only when they arrive should we remain calm and think clearly, so eventually, we will get our share of the answers!

From an overall structural perspective, the market is in a high-level fluctuation state. When operating within a specific range, it is significantly impacted by resistance, with a clear pressure situation. The market has attempted to break through upwards multiple times but encountered strong resistance at 99,000, forming a clear suppression level. Since this strong resistance level was established, Bitcoin has tested lower levels several times, indicating that bulls face significant pressure when trying to breach the key resistance level. If it doesn't break, it may fall back again.

Bitcoin can short around 106,000-105,600, with a target at 104,500.

Ethereum can short around 2,650-2,670, with a target at 2,550.