After hitting a low in the early morning market, the prices rebounded and rose. Long positions continued with higher trade volumes, reaching the high point around 108500. After encountering resistance and retreating, short positions again increased and moved lower, with the lowest point touching around 107400 before stopping the decline. Overall, the market shows a slight consolidation trend, and currently, BTC is fluctuating around 107700. In the morning, we placed a short order as the prices rebounded to around 108400, and we took profit when it dropped to the low point of 107500 yesterday, gaining nearly 900 points. The market is just that easy to navigate; are you keeping up with the rhythm?

From the current market perspective, the daily chart shows consecutive bearish candles, indicating a test of the mid-level support. Although the short-term pullback has not broken through the previous key support, the structure of continuous testing near the support suggests that there is still further downward space overall. The mid-level position previously exhibited a strong rebound after testing with a lower shadow formation; a break below will open up space downwards. As the price ratio rises, the mid-level position is now around 106500, overlapping with the previous support level, indicating a weak structure. On the four-hour chart, the candlestick has broken below the mid-level support and is running between the mid and lower levels. In the morning session, the long positions tested above the mid-level with higher trade volumes and then quickly retracted with upper shadows, showing a decline. By the end of the session, both upper and lower shadows were present, with strong selling pressure above and strong buying power at the bottom during the Asian session. In the short term, there may be a contest around the mid and lower levels. The indicators show a bearish trend, and the market is gradually testing the lower support, with stronger bearish performance. The operational strategy remains bearish.

It is recommended to short BTC in the range of 108000-108500, targeting around 106500; for ETH, it is recommended to short in the range of 2550-2580, targeting around 2480.