The Bitcoin dropped to 99547, which is our target level of 99600, but it failed to drop further and instead rebounded from the bottom. Currently, the price has risen to 106000 and is facing pressure at this high point, in a phase of oscillation and adjustment. Although there is a significant rebound space, exceeding 6000 points, it has not broken through further. Ethereum is developing in sync, facing pressure at the 2450 line after the rise.

From the current trend, on the daily chart, Bitcoin's breakout of the 106000 mark will face pressure near 106500, which is the mid-track resistance, so we can pay attention to this position and consider chasing long after a breakthrough. However, currently, around 106000 and below still remains a good entry point for bears. In terms of operation, we still recommend flexibly adjusting based on small-scale structures, primarily focusing on short-term high short adjustments.

Bitcoin can be shorted in the range of 105900-106500, with a target near 104000. Ethereum can be shorted in the range of 2430-2450, with a target near 2360.