Yesterday, Bitcoin once again showcased a rhythm of probing the bottom and rebounding. During the session, it quickly dipped to a low of 100789 before stabilizing. Subsequently, the bulls made efforts to rebound, reaching a peak of 103940, but were unable to effectively hold that level, and after a high surge, it retreated to around 102500 for consolidation. Ethereum's performance was largely synchronous, probing to around 2213 before a slight rebound, currently operating around the 2280 level. Overall, the market continues the repair rhythm following the weekend's sharp fluctuations, with the short-term still in a bearish consolidation structure.

From the hourly chart, Bitcoin has formed a short-term bottoming signal near 100789, with K-lines continuously producing lower shadows, but the overall rebound strength is relatively mild and has not yet formed a trend reversal. Currently, it is still constrained by the middle track pressure, showing a weak rebound trend in the short term. The upper high of 103000 constitutes short-term resistance, and the price maintains oscillation and consolidation between the previous high and mid-range areas, indicating that the overall focus has not effectively shifted upward, which also signifies that bearish pressure still exists. If it cannot break through the 103800-104000 area in the short term, there is still a possibility of retesting previous lows or even breaking down. Overall, the current trend leans more towards a technical rebound after a decline, the structure remains unchanged, and the rebound space is limited.

Bitcoin short at 103000-103300, target near 101000. Ethereum short at 2290-2315, target near 2200.