Good morning everyone on a new day. Looking back at the market in the early hours, Bitcoin's price experienced a slight rebound yesterday morning, reaching a peak of 107727 before facing resistance and starting to pull back. The market then saw a sharp increase in short positions, demonstrating a trend of one-sided decline, with Bitcoin's price hitting a low of 103300 to stop the drop. It quickly rebounded, leading to back-and-forth movements between bulls and bears. Currently, Bitcoin's price is around 104500. Ethereum's market trend is mainly characterized by a back-and-forth movement, but overall, it remains bearish. The lowest point during the early hours was 2451.

The current price is fluctuating around 104500, indicating that short-term market sentiment is still bearish, but there is a demand for rebound due to overselling. The moving average price is still below the EMA10, and the short-term trend is bearish. The MACD on the 4-hour level shows a death cross with DIF and DEA below the zero axis, but the bearish trend has slightly shortened, and bearish momentum is weakening. The 4-hour RSI is close to the 30 oversold zone, which may indicate a rebound demand in the short term. The support at 103300 is effective, and a rebound breaking through 105500 may form a short-term bottom. In the early hours of Wednesday, we will focus on low long positions.

Operating Suggestions

If Bitcoin stabilizes again at 103300 and rebounds with increased volume, consider trying a short long position, targeting 105500 with a stop loss at 102500.

If Ethereum stabilizes again at 2450 and breaks through 2500 with increased volume, consider a small long position, targeting 2550 with a stop loss at 2420.