This morning greeted us with a waterfall, where the price continuously dropped to the low point around 100300. The momentum strongly broke through the lower support, and Ethereum also mirrored the same trend as Bitcoin, sliding down to the low point around 2379 and stabilizing. Due to the rapid decline, the market is bound to give a certain rebound as a correction, and currently, Bitcoin is indeed in the rebound phase.

From the current market perspective, Bitcoin has formed a two-wave pattern on the daily chart. When the price reached 105000, it quickly shrank and dipped. This round of pattern is already showing signs of wrapping up and entering the correction phase. Currently, the price ratio is at the previous pressure range, so we can continue to follow the trend to see whether it can effectively break through 103000. If it cannot, the market will inevitably give another breakthrough near the 100000 mark. On the four-hour structure, the price ratio has also once again formed a strong one-sided structure, with strong bearish momentum. As the pattern breaks down and lowers, space is further opened up, and the rebound lacks certain continuity. The intraday trading suggestion is still to continue shorting below the low points.

In the morning, Bitcoin can be shorted in the range of 102300-102800, targeting around 100000, while Ethereum can be shorted in the range of 2450-2480, targeting around 2350. #比特币 $BTC