In the early hours of today, the Crypto Assets market experienced another wave of pump. The Bitcoin price quickly fell back to around 107 USD after breaking through the 108 USD mark, and then entered a consolidation phase. Currently, the Bitcoin price is still hovering around 107 USD, showing a fluctuating trend.

From a technical analysis perspective, the four-hour chart shows that Bitcoin is forming a slow oscillating downward pattern and gradually approaching the midline. After a series of continuous rises, bullish momentum has begun to weaken, presenting an overall downward trend, but is currently supported by the midline and remains in the oscillating range.

The hourly chart shows that the Bollinger Bands are in a contracting state, with the opening gradually moving downward, indicating a short-term pullback signal. Although the price has fallen, there has not yet been a significant break signal. In the short term, the market is still in a pullback rhythm. If the Bitcoin price cannot stabilize above $1075, it is expected to continue testing downward.

Given the current market conditions, it is advisable for investors to be cautious about chasing highs, focusing primarily on short-selling strategies. For Bitcoin, consider looking for short-selling opportunities around $107,500, while paying attention to the support level near $106,000. For Ethereum, look for short-selling opportunities around $2,450, and monitor the support level near $2,350.

However, investors should be aware that the Crypto Assets market is highly volatile and carries significant risks. Before making any trading decisions, it is essential to conduct thorough research and risk assessment. At the same time, it is important to closely monitor market dynamics and global economic conditions, as these factors can have a significant impact on Crypto Assets prices.