The intraday market has finished, and since the morning, the price comparison has continued to maintain a fluctuating upward repair rhythm, overall showing a slow rising state. Although the non-farm data in the evening is slightly bearish, the market only experienced a slight pullback, followed by a contrary rise, clearly indicating a washout nature. Looking at the recent rhythm, the market often continues momentum before the US stock market opens, and the closing of the US stock market is often a key moment for direction choice. Our actual trading short-term layout still maintains a winning streak, and the current long and short thinking at the present price has also been validated.

From a weekly structure perspective, Bitcoin has turned bearish for the first time after seven consecutive weeks of closing positive, indicating that the upward momentum may weaken and the market may enter an adjustment period. On the small short cycle, the current price comparison shows obvious signs of resistance during the upward process, with the hourly K-line clearly indicating resistance. In the evening, Bitcoin reached a maximum of 105,333, while Ethereum surged to 2,531 before quickly retreating. This position corresponds exactly to the previous key support area and has now formed a 'top-bottom conversion,' becoming a suppression area. If the market wants to continue to open upward space, it must effectively break through this key resistance. The support below focuses on the low point formed by the early morning 'pin' injection; once broken, there is a high probability of triggering a new round of downward exploration. In the short term, a high position short strategy is adopted. Aggressive traders may consider entering directly at the current price.

Short Bitcoin at 104,800-105,100, targeting around 103,000; short Ethereum at 2,510-2,530, targeting around 2,400.