In the afternoon, Bitcoin surged from the support level of 103770, reaching a peak of 105459 before stopping. Ethereum's performance remained relatively stable, fluctuating within the range of 2490-2541, with both bulls and bears engaging in fierce competition. Looking back at the afternoon's trading strategy, we must admit that the short position layout was somewhat aggressive. The market did not experience the significant correction we anticipated, resulting in relatively limited profit potential.

Analyzing the current 4-hour candlestick trend, multiple key indicators are resonating, with the price effectively breaking below the lower Bollinger Band. Meanwhile, the Bollinger Bands are showing a funnel-shaped expansion, with the gap between the upper and lower bands continuing to widen. This technical pattern often indicates that the downward momentum is strengthening, suggesting a higher probability of trend continuation in the short term. This evening, the focus will be on short positions, while bulls should wait for the MACD histogram to narrow, the KDJ to form a golden cross, and for the price to stabilize at the lower band before participating in a rebound with light positions, setting a stop loss at 103500.

Bitcoin: Short near 105000-105500, short-term target 102500

Ethereum: Short near 2550, short-term target 2460