The morning price was under pressure near the 109633 level, followed by multiple consecutive Bearish lines, with the market quickly breaking down through the middle band and lower band support, retracing to the 108200 level, with a minimum touch of 107438. Ether also fell back, sliding from a high of 2572 to around 2530, with a minimum handling at the 2508 level, disrupting the short-term long positions rhythm, overall showing a weak oscillating trend.

From the current trend, the price is maintaining below the lower band on the hourly chart. After the MACD death cross, the green bars continue to expand, with bearish momentum dominating. The KDJ three lines are tightly bound at a low level, with no obvious signs of reversal. Support is focused on 107400, and if it breaks down, it may further test the 106500 level. In terms of Ether, after breaking the 2558 middle band support, it continues to fluctuate. The MACD remains bearish, with signs of downward expansion. Attention should be paid to the support areas of 2520 and 2500 below. The market is dominated by weakness, maintaining a high short-term position, and do not blindly chase after the rise.
Short-term positions in BTC rebound at the 108800-109200 range, stop loss at 109800, target at 107400, if broken, look at 106500;
Short positions on Ether 2550-2560, stop loss at 2585, target 2520-2500, if 2520 strong support is not broken, can try long positions with light positions.