This morning, the market continued the bearish trend. After opening, Bitcoin fluctuated near the 106,000 mark, and then accelerated its decline following the overnight drop, reaching an intraday low of 102,614. Ethereum's trend closely mirrored this, starting a one-sided decline from the 2,660 price level, dropping to a low of 2,457 during the morning session. This morning, we suggested a bearish approach, entering around 106,000 and capturing nearly 3,000 points before exiting. The market is unpredictable, and only with real experience can one truly understand what it means to seize opportunities in trading.

From a technical perspective, the four-hour K-line shows a large bearish candle breaking the level, with the Bollinger Bands significantly widening and the middle line shifting from flat to downward pressure. The MACD indicator has a death cross that continues to diverge, with the green momentum bars increasing, releasing a strong bearish signal. On the hourly chart, prices have sharply declined and breached the lower Bollinger Band, with both bulls and bears fiercely contesting around the key support level. Although the KDJ indicator is in the oversold region, the three lines have begun to converge and show signs of turning upward, indicating a potential short-term rebound demand. Based on the current market characteristics, the strategy suggests a focus on short positions.

Bitcoin can be shorted in the 104,500-104,000 range, with a target near 102,000; for Ethereum, it is recommended to enter short in the 2,530-2,510 range, setting the target price at 2,450. $BTC $ETH