Last night, I reminded everyone that there were opportunities for a rebound. Overall, there was a certain intensity, and the market once dropped to the 109800 level. During the early morning, BTC fell to around 107300 and faced some resistance. The market has shown certain rebound signals, and the overall situation remains within the range. Ethereum also performed as we expected, testing the resistance at the 4200 level for the second time without breaking it. This is why I reminded everyone to be cautious about being bearish in the medium to long term. The market has confirmed this, and it will become clearer how to operate in the future.

From the current market perspective, the daily line shows low-level fluctuations without forming a longer solid candlestick, maintaining overall range-bound movement. In terms of structure, it is currently in a downward phase, with the previous strong resistance level at the bottom of 107300, and the support formed by the top-bottom conversion. The current market situation also requires attention to the short-term trading range. Yesterday's market saw a second rebound, recovering to the high point of 109800, which indicates the pressure at the 110000 level. Looking at the four-hour chart, the overall market is in a staircase-like downward structure. The indicators are currently in a normal shape without showing further divergence. The golden cross indicates a volume increase, suggesting the market is in a consolidation phase, and there is a momentum of a three-pin bottoming. The market shows signs of a further breakout, so in terms of short-term operations, focus on the current pressure and support range. For the medium to long term, the main outlook remains bearish.

BTC can short between 109000-109500, watch around 105000. Ether can try a light short near 4400, pay attention to the gain and loss at the 4200 level. #btc#