After the early session dipped to the phase low of 102653, it stopped falling and began a volatile rebound trend. The current price successfully broke through the morning high and has reached the vicinity of 104700, now in a consolidation phase with converging fluctuations. The price retraced to the low of 2433 during the day and found support, subsequently experiencing a slight recovery, but showed weakness after touching around 2520. At this stage, the coin price remains flat near this position with light trading and no significant fluctuations.

On the daily level, the middle Bollinger Band pressure is significant, and after testing again, there are no effective breakthrough signs, indicating insufficient bullish momentum. On the 4-hour level, there have been consecutive bearish closes and a slow decline, accompanied by shrinking volume, overall remaining within a volatile range without clear directional breakout signals. Given the current technical structure showing clear upward resistance, weak rebounds, and continuous bearish declines, combined with the failure to stabilize and break through key positions, the intraday strategy will focus on high shorts after encountering resistance during rebounds.

Bitcoin is hovering around 105200-105500 for direct short, targeting 103000. Ethereum is around 2535-2555 for direct short, focusing on targets of 2430, 2360, 2458, 4938, 0468, 4947, 44.