In the afternoon, reviewing the situation, the price comparison shows a sharp rise followed by a decline. After the price touched the relatively high level of 105459, bears took control, recording multiple long bearish candlesticks consecutively. The candlesticks are densely arranged in a downward trend, with a significant proportion of bearish candles, indicating strong and sustained downward momentum, as each bearish candlestick gradually pushes the price lower. Currently, the currency price is close to the low zone. Although there are occasional small bearish and bullish candlesticks alternating, showing signs of a brief tug-of-war between bulls and bears, overall, the downward channel has not been broken, and short-term downward momentum still exists, with a strong continuation of the trend.

From the current perspective, after the price comparison retreated from the high, it effectively broke through the support of the middle Bollinger Band and continues to run along the lower band, which constitutes short-term support. The Bollinger Band is opening downwards, indicating a significant possibility of a continued short-term decline. If the price stabilizes and rebounds, returning above the middle band, there is hope to reverse the weakness; if it effectively breaks through the lower band, the downward space may open further. In terms of technical indicators, it suggests that the downward momentum is weakening, providing an opportunity for the currency price to rebound.

Bitcoin can be shorted in the range of 105200-105700, targeting around 102000; Ethereum can be shorted in the range of 2530-2550, targeting around 2440. #加密市场回调 $BTC