Since the morning period, Bitcoin has started to fluctuate and seek a bottom around the 106173 line. During the trading session, shorts have continued to exert pressure, and the price has shown a stepwise decline, reaching a daily low of 104290. The Ethereum market has also exhibited a weak pattern, retreating from 2582 and dropping to a low of 2486. This trend perfectly validates our high short strategy expectation proposed in the morning.

Technical analysis on the 4-hour level shows that the current market is in a weak pattern dominated by bears. From the Bollinger Bands indicator, the upper and lower bands show a clear downward divergence, with the opening range continuing to expand. The price has not only effectively broken below the critical midpoint of the Bollinger Band but also tested the lower band support, reflecting the continuous strengthening of bearish momentum. The RSI has not yet shown any significant divergence signal, and the downward trend has not fully played out.

Bitcoin: Short around 104900-105400. Short-term target 103000.

Ethereum: Short around 2550. Short-term target 2470.