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From the current market data characteristics, the market continues to operate in a weak pattern, with a lack of short-term rebound momentum and short positions dominating, leading to a one-sided downward trend. From a Technical Analysis perspective, prices quickly fell back after a rise, and the short-term trend has clearly weakened. The 4-hour Candlestick Chart shows that bearish sentiment remains high, and after a series of bearish belt holds, prices are likely to continue to dip, testing the lower support level. In the 1-hour Candlestick Chart, the market data is completely suppressed by short positions, showing a clear downward trend overall.
Aggressive traders are directly shorting Bitcoin near the current price of 105500, with a short-term focus on the 105000 level. For Ethereum, short positions are taken near the current price of 2400, looking at the previous resistance level of 2380 #BTC , .