The Bitcoin market has recently shown a range-bound fluctuation. Early yesterday morning, the Bitcoin price dipped to $99,600, followed by a rebound that peaked at the $106,000 level. Currently, the Bitcoin price is slightly fluctuating around $105,200, with market sentiment becoming cautious.

From a technical perspective, the Bitcoin 4-hour K-line chart shows a V-shaped rebound trend, indicating that buying pressure has increased in the short term. However, the current price has encountered resistance after reaching the upper band of the Bollinger Bands, which may suggest that upward pressure still exists.

For Ethereum, the market is also facing certain pressures. Considering the current market situation, investors may consider the following strategies:

For Bitcoin, consider shorting in the range of $105,500 to $106,000, with a target price set at $103,000 and a stop-loss level set at $106,500.

As for Ethereum, the range of $2,430 to $2,450 may be a better starting point for shorting, with a target price of $2,300 and a stop-loss level set at $2,470.

It is important to note that the cryptocurrency market experiences significant fluctuations, and investors should operate cautiously and manage risks effectively. At the same time, closely monitor market news and regulatory developments to adjust strategies in a timely manner. In the coming days, the market may experience major fluctuations due to various factors, so it is crucial to remain vigilant and flexible.