BTC, from the 4-hour level, the Bitcoin price is fluctuating near the middle track of the Bollinger Bands, and the opening of the Bollinger Bands is gradually narrowing, indicating that the market is about to choose a direction.

The key resistance level above is in the 109500-110000 range, which is not only the previous high point area but also the resistance level of the upper track of the Bollinger Bands; the support level below is in the 106500-107000 range, which is the area of the previous low points and the support level of the lower track of the Bollinger Bands.

Comprehensive technical indicators show that the current market is dominated by bears, the medium-term trend is downward, and although there are signs of weakening downward momentum in the short term, the rebound lacks strength and there is clear resistance above. Short-term operations are recommended to focus on shorting during rebounds.

Short near 109500 for Bitcoin, targeting 1078000.

Short near 2580 for Ethereum, targeting below 2480. $BTC