From the 4-hour trend, Bitcoin is now rising to around 106500, where the pressure is particularly high! It previously rebounded quickly to a high position, but if it can't break through this barrier, the market could turn downward at any time.

The current indicators are all 'alarmingly' signaling: the short-term moving averages have started to flatten, and the price has risen too sharply, becoming 'disconnected' from the indicators, which is a typical case of an overbought market. Although the MACD is still strengthening, the fast and slow lines have not truly formed an upward trend. Moreover, Bitcoin has tried several times but has not broken through the upper Bollinger Band resistance at 106800, indicating that this barrier is indeed very difficult to overcome.

Ethereum is similar, with significant pressure at the 2450 position. Today, it is advised to short when the price is high:

Short Bitcoin around 106500, targeting 105200 - 104300

Short Ethereum around 2450, targeting 2410 - 2370

Remember, as long as the upper resistance level is not broken, do not easily catch the falling knife!