This Monday, the Bitcoin market continued the weekend's volatile consolidation, closely mirroring the price trend of Ethereum. Bitcoin entered a slow downtrend in the early hours, quickly rebounding after hitting a low of $104,399, and is currently fluctuating around the $105,500 level; at the same time, Ethereum surged to $2,559 before encountering resistance and pulling back.

From the four-hour chart technical analysis, Bitcoin is still in a low-level sideways consolidation state, with no effective breakthrough in both the upper and lower ranges. The Bollinger Bands are in a contracted state, with the channel width continuously narrowing, indicating that the market seems to be waiting for a clear direction. Although the current candlestick has a long shadow, it remains under pressure from the middle band, showing that the market maintains a weak stance. Combined with the bearish arrangement of moving averages, if Bitcoin cannot effectively stabilize above the level of $106,300, the bearish trend is difficult to change.

In terms of trading advice, Bitcoin could be considered for a short position in the range of $105,400 to $105,800, with a target price around $104,000; Ethereum could be shorted in the range of $2,560 to $2,580, with a target price of about $2,450. The market trend still requires vigilance for potential variables, and maintaining a flexible response strategy is essential.