In today's morning session, the Crypto Assets market showed a fluctuating pattern. Bitcoin initially surged to around $106,000 during intraday trading, then came under pressure and retreated to the $104,800 level. After a brief Rebound touching $105,800, it entered a consolidation phase and dipped again to a low of $104,400 in the early hours.

The Ethereum trend is similar to the overall market, first encountering resistance at $2560 and falling back to $2490, then forming a V-shaped rebound. Currently, it is stabilizing above $2545, indicating that the bulls still maintain a certain ability to counterattack.

From a technical indicator perspective, the four-hour chart of Bitcoin shows a low-level sideways consolidation, with the Bollinger Bands continuously narrowing. The K-line is restrained by the middle track, and the moving averages are in a bearish arrangement. If the price cannot effectively break through the key resistance level of $106,300, the bearish trend may continue. The hourly level shows that the narrowing of the Bollinger Bands is even more pronounced, market volatility has weakened, trading volume has shrunk, and investor sentiment has become cautious. The current market situation is still in a stage of oscillation and accumulation, waiting for directional breakout signals.

Trading advice:
Bitcoin is considering shorting in the range of 105,800 - 106,000 USD, with a lower target focusing on 104,000 USD.
Consider shorting Ethereum in the $2550-$2580 range, with support at $2480.