The bullish outlook for Bitcoin remains under pressure after the rise of the white pancake. The intraday Bitcoin has been in a state of consolidation below the 103,000 level, struggling to break through. We had positioned ourselves for a long near the 102,000 mark, but after the short-term gains were realized, the evening market plunged again. Not stubbornly holding on, it is clear that this trend cannot be stopped. The daily chart's rebound high has not exceeded the previous high, and there is a continuous downward trend. Currently, a medium bearish K-line has formed again, breaking below the previous low. The 4-hour chart shows a weak pattern with lower highs and continuous downward movement; currently, there is a large bearish K-line moving downward. We closely follow the market trend, not stubbornly holding on. We plan to short Bitcoin near 100,909 and exit when it drops to 99,552, capturing a space of 1,357 points in the process. This is how the market operates; it will never move according to our thoughts. Being stubborn will only make it harder to navigate this space. The market has already broken below the previous low, so there is no need to hesitate. The market is in a weak downtrend accompanied by choppy movements, continuing to seize opportunities for shorts. A rebound gives us another chance to enter short positions.

Bitcoin can be shorted at 99,800-100,300, targeting around 98,000; Ethereum can be shorted at 2,200-2,230, targeting around 2,100. #加密市场回调 $BTC