The bearish outlook remains unchanged; continue to short at high levels and don't give up at the last moment.

In a slow rising market, if you want to short, a quick surge is still needed; after the surge, it will drop. 108000 might be the signal for that, after which a significant drop is expected.

The four-hour chart hasn't formed a nine consecutive rising candles; Ethereum and other altcoins are also struggling to rise, which is quite abnormal compared to previous markets. Other than Bitcoin, everything else is relatively weak, likely a trap for retail investors.

Short around 107500, with a target of 104000 for this swing trade, and a trend target of 95000. The weak trend of Ethereum remains unchanged; the short position near 2430 mentioned yesterday should be held.