The early morning was not as calm as previous weekends, but instead took a sharp turn downwards, experiencing a significant drop. Bitcoin fell sharply after reaching a rebound peak of about 103,940 on Saturday night, breaking through support and hitting a low of around 101,020 before stopping the decline. Ethereum also came under pressure, starting to decline synchronously from an intraday rebound peak of about 2,447, with the current low reaching about 2,230.

The current market shows that Bitcoin's daily chart has recorded three consecutive bearish candles, entering a phase of continuous adjustment in the short term. After breaking below last week’s low of 102,600, the downtrend has continued and deepened the downward space, while also causing the MACD indicator to form a death cross at a high position, indicating that there is still a need for adjustment in the short term. From the 4-hour chart, the middle line of the Bollinger Bands, as a key strong-weak dividing line, has been broken, and the market has entered a correction trend channel. Compared to the previous rebound's second high point of 103,900, the current level has significantly widened the distance, and the short-term is in a state of continuing weakness.

Subsequent operational suggestions should use the round number 103,000 as a defensive line. The previously broken low point area of 102,800-102,500 is expected to become a resistance zone for future rebounds. A rebound approaching this area can serve as a shorting point, aiming for further declines, and pay attention to the breakthrough situation at the lower level of 100,300.

On Sunday morning, Bitcoin can first short around 103,000-103,500, with the initial target focusing on 100,500.

Ethereum can short at 2,350, with the initial target focusing on 2,230-2,180.