In the tumultuous game of the capital market, the divergence between bulls and bears has intensified. The bulls are waiting for a breakout, the bears have already positioned themselves in advance, while the hesitant are passively observing. Traders with real execution power never wait for the market to clarify; instead, they seek optimal solutions amidst uncertainty. The bearish outlook we previously suggested has been validated, with precise timing, and the current strategy continues.

　　From the current market perspective, every upward charge is constrained by significant resistance above, making effective breakthroughs impossible in the short term, causing the market to repeatedly return to a fluctuating range. Technically, the structure shows that while the highs are gradually flattening and the lows are continuously rising, it has not directly turned bearish. However, the ongoing convergence of the range indicates that a trend shift is imminent. Combining this with the judgment of a larger trend, the current market still operates with a weak bias, and rebounds are mostly technical corrections, with heavy pressure above, where bears may initiate a new round of downward movement at any time.

Short position on Bitcoin at 105000-105500, with the target initially looking at around 104000; if it breaks down, it may extend to around 103500; short position on Ethereum at 2410-2430, with the target around 2350.