According to the technical analysis this morning, the price at the four-hour level has not yet broken through the key oscillation range boundaries. It is worth noting that a clear upper wick has formed above the bullish line bodies recently, indicating that short-term market selling pressure remains heavy. In terms of technical indicators, the middle band of the Bollinger Bands shows a continuous downward trend, further confirming that the overall market is still in a short positions dominant pattern.

From the daily chart perspective, 103750 is the key level that constitutes the boundary between bullish and bearish. If it is confirmed to break down, the subsequent downward space may continue to expand.

Trading strategy suggestions:
The main cryptocurrency can consider short positions around 105500, with a downward target reference of 103500.
The altcoin can look for short opportunities near the 2550 area, with the target position referencing 2450.