After the slight pullback and consolidation of the coin price, it made a significant and rapid retracement this Monday. With the quick pace of the pullback, the coin price responded to news stimuli on Thursday, leading to a major trend reversal, shifting from the previous slow rise to a rapid retracement, testing lows below 3830. BTC also tested below 109,000, followed by both BTC and Ether entering a low-level sideways consolidation phase. Currently, the low-level sideways consolidation is still ongoing. Reviewing this week's actual trading situation, compared to last week, the overall pace this week has not been as smooth as last week, with some minor stops occurring in actual trading. However, overall, decent profits have been achieved. On the BTC side, it has accumulated a strong gain of over 5000 points, while Ether has also secured a net profit space of over 600 points. Many frens have expressed unnecessary mistakes regarding the recent market situation, so I believe that if one can keep up with Zhi Yu's pace in a timely manner, there is still a great opportunity to turn around the current situation.

From the daily chart of Ethereum, the coin price has continuously closed with large bearish candles, quickly falling below the lower band. It then exhibited some technical recovery, allowing the coin price to rapidly return to the indicator range. Subsequently, the coin price entered a phase of low-level sideways consolidation. The current consolidation trend has not yet ended. From the daily chart, after a significant decline, the coin price has not shown a strong rebound, but rather entered a brief period of sideways consolidation. The overall downward structure remains stable. After the consolidation, the coin price is likely to continue the previous pullback trend and further test the lows. From the four-hour chart, after testing the lows, the coin price has formed a series of small bearish and bullish candlesticks, entering a narrow range of fluctuation and consolidation. The Bollinger Bands continue to narrow. As the weekend market approaches its end, the sideways consolidation will also come to a close. Currently, there is no obvious trend reversal in the market. Therefore, after the consolidation ends, we continue to observe the coin price extending the current major pullback trend. The bearish outlook remains unchanged, and we can participate in short positions during the rebound.
BTC short near 110400, watch around 109400; Ether short near 4050, watch around 3950.
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