As midnight approached, the market validated our previous short positions judgment, with the Bitcoin price pulling back as expected, declining from the 106100 level to the 105200 area, while Ethereum also fell from the 2555 area to around 2510. This wave of market movement indeed provided a good opportunity to get on board.

From the one-hour chart structure of Bitcoin, after the K-line forms a continuous downtrend of bearish candles, the strength of short positions begins to weaken, and the momentum significantly decreases, manifested by the gradually narrowing body of the bearish candles and elongated wicks. The price has returned to the vicinity of the previous starting point.

For market outlook judgment, it is recommended to pay attention to the Bitcoin 104500-104000 area to look for long position opportunities, with a target pointing towards 105800; on the Ethereum side, consider placing long orders around 2490, with a target pointing towards the 2550 level. The market is still in a volatile period, and investors need to remain vigilant and adjust strategies flexibly.