Looking back at the market fluctuations in the early morning, Bitcoin is still showing a wide range of consolidation, experiencing a sharp rise and rebound to around 107700 before coming under pressure and falling back. It has tested the support line below the bottom of 106300 but has not fallen through, and is currently consolidating around 107000. The Ethereum market data is similar to BTC, with a lowest drop to around 2390, and is also showing consolidation around 2420. Our short order setup at a high position in the early morning is also easy to manage.

The daily chart is in a high-level consolidation, with each rebound quickly retreating after reaching a high, forming a significant long upper shadow structure, and the highs are continuously declining, fully confirming that the current bearish trend is dominant. This trend is completely in line with the previous daily review analysis. In the current market situation, an intraday rebound is an ideal short order opportunity, and the key is to grasp a reasonable take-profit point. From the 4-hour chart, the price is currently in a high-level consolidation phase, with the Bollinger Bands gradually converging, indicating that the market is entering a high-level contraction and fluctuation. Although the lows are continuously declining, there is effective support below, which limits the downward space, leading to a significant increase in market fluctuation. With the arrival of the weekend, market trading is light, and the overall tone will mainly focus on a fluctuating strategy, maintaining a primary focus on shorting during rebounds.

BTC can be shorted near 107500, looking at around 106300. Ether can be shorted near 2430, looking at around 2380. #btc# #ETH# #pi#