From the daily perspective, after a strong surge on June 9, Bitcoin has entered a downtrend channel, showing a corrective trend for two consecutive days. In particular, the most recent trading day closed with a significant fall, causing the overall market to be in a weak and volatile pattern.

From the 4-hour time frame, the coin price has clearly declined from the high point near 110000, and a short-term downtrend has already formed. The candlestick pattern has frequently shown long upper shadows, which clearly reflects the heavy selling pressure above and the insufficient rebound strength from the bulls in the market.

In terms of technical indicators, the MACD indicator on the 4-hour level shows that the DIF line and the DEA line are continuously separating downward, with the green energy bars increasing, clearly indicating that the bearish forces are dominating the market. The MACD indicator on the daily level has formed a death cross pattern, further confirming the bearish trend. Analyzing various factors, the current market has the upper hand in bearish forces, and the market is likely to continue to fluctuate downward in the short term, with any rebound facing significant resistance.

Market advice reference:
If Bitcoin rebounds to the 105000-105500 range, consider shorting, with a target price of 102500.
Ethereum rebounding to the 2520-2540 range could consider going short, target price 2450.

Market conditions are constantly changing. The above analysis is for reference only. Please adjust your actual operations flexibly based on real-time market conditions.