In evening trading, the Bitcoin price began to rebound after hitting a low of $102,500 in the morning, subsequently entering a range-bound upward pattern. In the afternoon, after reaching a high of $105,459, the price quickly fell and is currently fluctuating around $105,000. Ethereum rebounded from a low of $2,433, oscillating upwards to a high of $2,562 before also pulling back. The current market shows that both bulls and bears are observing, waiting for a suitable entry point.

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From an overall market perspective, Bitcoin encountered strong resistance near $105,500 and quickly retraced, indicating heavy selling pressure above. However, the magnitude of the retracement did not meet expectations, as the market seems to be digesting the previous downward momentum. On the four-hour chart, after a long upper shadow bearish candle, two consecutive bullish candles show intense competition between bulls and bears, but the downward pressure remains significant.
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It is recommended to consider short-term strategies.
Short Bitcoin around 105500 USD, targeting 104000-103000 USD;
Ethereum is shorting around $2560, targeting $2480-2440. #Gate BTC链上质押收益百分之三 #BountyDrop上线 Gate Wallet #Alpha 积分节12期开启