Midday market analysis and trading suggestions

I. Market Review

In the morning market, Bitcoin fluctuated narrowly around the 106700 line. After we simultaneously provided a shorting strategy, the actual trading operations yielded significant profits:

• Bitcoin: Shorted at 107197 points, exited at 106217 points, successfully gained a profit of 980 points.

• Short position: Enter short at 3648 points, take profit and exit at 3600 points, the remaining morning short positions are still being held.

2. Current Market Interpretation

1. Short-term cycle: The market is in a sideways consolidation at the 4-hour level, but the structural stability is extremely poor, and the risk of a downward breakout is very high; during the rebound process, the momentum is insufficient, which intuitively reflects the lack of market confidence and a strong wait-and-see sentiment.

2. Long-term period: The weekly level is facing a key support test at the lower boundary of a large range. Once this support level is broken, it will directly open up new space for accelerated downward movement.

3. Linkage Effect: The weekly chart of Ether shows a clear weak pattern, resonating negatively with Bitcoin, further intensifying the overall downward pressure on the market.

3. Midday Operation Suggestions

• Bitcoin: It is recommended to short at the 106000-107000 range, with a target towards the 105500 point.

• Two Futures: It is recommended to short at highs in the range of 3600-3650, targeting the 3540 level.

Core Concept

The current market lacks upward driving forces, and the short-term rebound is merely a technical correction. One should seize the rebound opportunity to position short orders at high points, in order to align with the overall bearish trend.