US stocks market is closed. Prices have continued to fluctuate in a narrow range over the past two days, and the Bitcoin market has entered a critical phase of contention!

From the analysis of the four-hour candlestick chart, although the current candlestick has recorded two consecutive bullish candles forming a slight rebound, the price has not effectively broken through the consolidation range. Both bullish candles have long upper shadows, reflecting strong selling pressure above, with the upper highs continuously moving lower, and bears still dominate.

In the one-hour chart, the three consecutive bullish candles' rebound stopped at the middle band of the Bollinger Bands and then fell back. The RS indicator has turned downward, and the MACD double lines are still below the zero axis, indicating weak short-term momentum. It is advisable to maintain a high short and low long position before an effective breakout.

Pay attention to the directional breakout at key price levels—if it can break through and stabilize above the resistance level of 105500 with increased volume, it may open up upward space; conversely, if it loses the lower support, it could trigger a technical correction. It is recommended to closely monitor changes in trading volume and confirmation of key level breakouts, and to control positions to manage short-term volatility risks.

It is advised to focus on short positions on rebounds as long as Bitcoin has not broken through 106000:

Short at the range of 105300-105800, looking down at breakouts at 103300 and 102600.

For the second currency: looking at the range of 2545-2565, with support at around 2515-2480.

For those with large amounts of funds, the medium to long-term bearish trend remains unchanged.