The afternoon market retraced near 107300 and faced resistance, indicating that the current market bottom support is relatively strong. However, the subsequent rebound did not extend further to break through the 110,000 level, still showing a certain weak structure. During the day, we had set up short orders at high positions in the morning and exited near 107300 in advance, then took the opposite position to chase the price lower. The market rose to around 108500, and we took profits. As for ETH, we also remind everyone to focus on buying on the retracement during the day. The overall market data is in a strong structure, and the overall trend is consistent with our thoughts. In the afternoon, there was a continuous increase in higher trade volumes, and we set up long orders near 4370 in the real market, with the market rising to around 4480, allowing us to take profits and achieve over 100 points in space.

From the current market data, the four-hour chart of Bitcoin shows a continuous rise and rebound, touching the upper Bollinger Band and facing some resistance. The Bollinger Band presents a step-like downward movement. During the day, it tested the previous resistance level at 107300 for a top-bottom conversion, facing short-term resistance. However, the rebound structure of this double bottom has not seen further higher trade volumes. The 110,000 level is currently under pressure and has not broken the upper resistance. Although the market has seen some rebound, the downward channel has not yet provided a breakout, indicating that there is still further space for a pullback in the future.

You can directly short around 110000 and look at around 107300. #btc#