Yesterday BTC once again showed a rhythm of dipping and recovering. During the trading session, it briefly dipped to a low of 100789 but stabilized, followed by a strong push from long positions, rising to a peak of 103940. However, it was unable to effectively hold that level and retreated to oscillate around 102500. The Ether trend was basically in sync, dipping to around 2213 before a slight rebound, currently running at around 2280. Overall, the market continues the repair rhythm after the intense fluctuations over the weekend, with short-term structure still in a bearish oscillation.

From the hourly chart, BTC has built a short-term stop-loss signal near 100789, with the K-line continuously forming lower shadows. However, the overall rebound strength is relatively mild, and a trend reversal has not yet formed. Currently, it is still constrained by the middle track, presenting a weak rebound trend in the short term. The upper resistance level is at 103000, maintaining a price comparison oscillating between the previous high and the mid-range area, with the overall focus not effectively moving upward, indicating that bearish pressure still exists. If it cannot break through the 103800-104000 area in the short term, there remains the possibility of retracing to the previous low or even breaking down. Overall, the current trend leans more towards a technical rebound after a decline, with the structure unchanged and limited rebound space.
BTC 103000-103300 short positions, target around 101000. Ether 2290-2315 short positions, target around 2200 #BTC #ETH