$BTC Bitcoin has shown significant fluctuations during the day. It started the morning with a rebound from the 102684 level, reaching a peak near 104210; in the afternoon, the market turned downward, touching a low near 101570 in the evening before entering a consolidation phase.

From an overall structure perspective, the 4-hour level shows a continuous bearish trend, with the price of the coin continuing to decline and the moving average system presenting a clear bearish arrangement. Coupled with the pressure pattern formed by the previous high-level consolidation, the current market is dominated by bearish momentum, with a significant downward trend. In terms of the 1-hour level, after a short-term rebound repair, the price again deeply tested downward in the evening, with the bulls lacking sustained upward momentum, and repeated attempts to break through the mid-track have not achieved effective breakthroughs, showing weak rebound strength. The operating strategy remains focused on short positions at high levels, and caution is needed for the risk of continued downward movement by bears.

Bitcoin can be shorted in the range of 101500-102000, targeting around 99000; Ethereum can be shorted in the range of 3340-3360, targeting around 3200. #加密市场回调 $ETH #美国加征关税 $SOL #加密市场观察