The intraday market is approaching its end, with today's market data showing a trend of first stabilizing, then rising, followed by a significant decline. During the trading hours, the market maintained a narrow range of fluctuations, with the price oscillating around the 104500 line. In the afternoon, the market suddenly made a strong push upward, quickly pumping past the 105000 mark, reaching a peak of 106486, forming a short-term high, and then entering a sideways correction until the evening when the market experienced severe fluctuations, with the price rapidly plummeting back down to a low of 102255. Overall, the day followed a roller coaster rhythm of "pump—peak—fall." Both long and short positions in BTC were executed, with the evening's short order being particularly prominent, entering short at 105920 and exiting when it dropped to 103948, securing a profit of 1972 points. The strategy was made public and transparent in advance, demonstrating timeliness, and flexibility and adaptability are the essence of trading.

From the current trend, BTC has faced a series of small upward candles after surging to around 106486, followed by a rapid plummet with significant volume, where several large bearish K-lines swallowed the previous gains, with a drop to a minimum of around 102255, which is a typical pattern of a volume-driven sell-off. Overall, there is a short-term strong resistance around 106000; after the consecutive upward movements faced resistance and did not break through, a large bearish candlestick formed, creating a standard "failed breakout + engulfing" structure. Currently, the K-line has a slightly long lower shadow, indicating a short-term sign of a halt in the decline, but the rebound potential is limited, and market sentiment has not yet recovered, with further risks of a pullback in the short term. This is currently the "weak rebound phase after a decline," so it is important to avoid blindly going long. It is recommended to maintain a bearish outlook in the short term.
Short order on BTC 103800-104200, target around 102000. Short order on Ethereum 2400-2460, target around 2350 #BTC #ETH