Bitcoin and Ethereum showed a synchronized rise and fall from midnight yesterday to this morning. Bitcoin surged to an intraday high of 108,900 during the early hours before facing downward pressure; Ethereum oscillated upwards from a low of 2,594, peaking at 2,683 before following Bitcoin's correction trend. A short position was established near 107,500 last night, but unfortunately, it was stopped out with a 1,000 point loss near 108,500. However, as the market further approached its peak, we continued to short, establishing another short position near 108,800 for Bitcoin, and took profits near 107,500 to recover the losses.

Observing the four-hour candlestick pattern, after a significant rise, the bears made a strong decline with a solid large bearish candlestick, breaking through the upper Bollinger Band support, forming a clear top reversal signal. This large bearish candlestick not only engulfed part of the previous gains but also accompanied by a significant increase in trading volume, indicating that the bears are currently in a state of accumulation. Looking at the one-hour chart, the market continues its downward rhythm, forming two consecutive bullish candles before a dip, testing the middle band support near the mid-band. If broken, there could be further downward continuation. In terms of operations in the morning, continue to maintain a bearish outlook.
You can short Bit in the range of 107700-108000, looking around 106500. You can short Ether in the range of 2580-2610, looking around 2500. #BTC#