This morning, Bitcoin once dipped to the 102614 line before stopping, where bears encountered strong resistance and began to rebound. During the session, it reached a high of 104578. Ethereum's trend resonated with Bitcoin, finding support at the 2433 low and rebounding to the 2524 line. In the morning, Xiaoge initially suggested a bearish outlook; accompanied by news, there was a direct waterfall drop. Xiaoge timely adjusted the outlook and provided a bullish trend for a rebound correction, which was also successfully timed. Meanwhile, a long position was established at 103200, and profits were taken at 104400, securing a 1200-point gain.

The 4-hour technical analysis for Bitcoin shows that the current market is in an extremely oversold situation dominated by strong bearish forces. The market is completely controlled by bearish forces, with continuous release of downward momentum, displaying a clear one-sided downward trend. Although technical indicators have entered a severely oversold area, the expectation and appeal for a short-term rebound have significantly increased, but the current MACD indicator remains in a deep death cross state. The price has not effectively broken through resistance, and core oscillation indicators such as KDJ and RSI have not shown golden cross signals. In the afternoon, we continue to watch for bearish downward movement.

Bitcoin: Short near 104000-104500, short-term target 102000.

Ethereum: Short near 2510, short-term target 2420.