Evening market observations show that Bitcoin continues its intraday downward trend, currently oscillating within the range of 104,500-105,500. From the daily chart perspective, the market is still in a clear downward trend.

Technical pattern analysis shows that Bitcoin has formed a typical "descending flag" relay pattern since breaking through the key support level on June 13, which usually means that the downtrend is likely to continue. If the price fails to gain an effective foothold at the 105,500 level, sellers may continue to dominate the market, and the next test target may be 102,600, and in severe cases, the psychological level of 100,000 may even be tested.

It is worth noting that during the recent market rebound, there was no significant increase in trading volume, while the trading volume expanded during the decline, reflecting a lack of buying confidence and a strong willingness to sell from the sellers.

The current technical aspect shows characteristics of "weak rebound and strong resistance"; the overall downward trend has not changed. Investors need to remain patient and are advised to wait for the price to break through the current oscillation range or for a clear reversal signal before taking action. Risk management is crucial, and one should avoid blindly bottom-fishing.

Observation point:
Bitcoin can currently be considered for purchase in the range of 103700-103200, with upward targets focusing on the range of 105700-106500.
Ethereum can be considered for buying in the 2480-2440 range, with upward targets focusing on the 2570-2620 range.