The most perfect state is not to never make mistakes, but to never give up on growth. There are landscapes both before and after the mountain, and one can be free whether there is wind or not. Today's market shows a fluctuating downward pattern, with Bitcoin under pressure in the morning session, touching the support level around 106,539 before receiving buying support. During the European session, a technical rebound occurred, currently around 108,088. Ethereum's performance is weaker, testing the support area around 2,710 during the day. Although it briefly rebounded to a high point of 2,772, it failed to form an effective breakthrough and is currently maintaining a weak consolidation state. In the morning, Xiaoge provided a bearish outlook and in the evening a rebound short strategy, both accurately reaching target points. There were good short-term opportunities during the day, but we decisively entered a short position at 108,600 for Bitcoin. As the market dipped as expected, we chose to take profits around 107,200, capturing a space of 1,400 points.

From the current 4-hour level, the price has broken below the middle Bollinger Band, with the short-term trend shifting from strong to weak, showing significant pullback pressure. The narrowing of the Bollinger Band indicates a decrease in market volatility. If the price continues to be suppressed by the middle band, it will further test the lower band support. The volume-price relationship shows that during declines, trading volume increases and selling pressure strengthens, while reduced volume during rebounds reflects insufficient bullish confidence. The short-term outlook is slightly bearish, and one can consider light short positions when the price rebounds and is pressured at the middle band; if it touches the lower band and KDJ forms a golden cross, a low buy can be attempted. Pay attention to the situation of breaking key levels; if it breaks below the lower band with increased volume, one can pursue shorts, and if it strongly stands above the middle band, the outlook needs to be adjusted to bullish.

Bitcoin: Short near 108,400-108,900 with a short-term target of 107,200.

Ethereum: Short near 2,780-2,800 with a short-term target of 2,700.