Bitcoin reached a peak of 108398 points after a round of rising, and then the market entered a downward channel. As previously analyzed, the price failed to break through the 109000 level and subsequently experienced a pullback. The significant drop in the morning confirmed our judgment, with the top showing weakness and the recent support level being continuously breached. Our team seized this wave of market movement, got on board near 108010 to shorting, and closed the position at 104208 points for a profit, successfully earning 3802 points.

From the daily chart analysis, the price shows a three consecutive bearish pattern, declining from the upper Bollinger Band all the way down to near the lower band area, with strong downward momentum, approaching the previous support low point. On the four-hour level, there has been a one-sided plunge, strongly breaking through the lower band, with a lowest point reaching 102614. The technical indicators suggest that a rebound may be coming in the future. Observing the hourly level, after continuously hitting new lows, it has begun to converge, currently oscillating around 103500.

Key attention should be paid to the price level of 103000. If it can stabilize at this position, a rebound is likely to occur; if it falls below this level, it may continue to decline. It is recommended to adopt a shorting strategy based on the current trend.

Operating suggestion: Consider shorting Bitcoin in the range of 103000-103400, with a target of 105000; short Ethereum in the range of 2450-2480, with a target of 2580. The market is highly volatile, please carefully assess the timing to get on board and manage your position and risk well.