Time is a thief, always stealing away many things without us noticing. Life is destined to be imperfect; too much perfection will have its flaws. Sometimes, what we pursue and desire may be difficult to achieve. Life is about going with the flow, allowing our emotions to return to calmness. A ray of sunshine in the soul will illuminate every corner of your heart!

With the holiday over, the Bitcoin market remains relatively calm. I believe everyone has had a pleasant holiday, and now we are entering a new trend. As usual, let's analyze the market from various angles. First, from the news perspective, the recent U.S.-China trade negotiations have a significant impact on the market. If the upcoming call between the leaders of the U.S. and China goes smoothly and an agreement is reached afterward, then looking back at the recent market decline, it would be seen as a golden opportunity. However, if the U.S.-China trade talks collapse, the market will likely enter a new round of decline. After all, cryptocurrencies are not yet perfect safe-haven assets; they are assets for prosperous times, while gold is the asset for turbulent times. Therefore, the news that can directly impact the current market is the trade negotiations, and we need to see the specific results.

Secondly, we need to consider the current market liquidity. The market is currently in a state of fluctuation. From a liquidity perspective, the bears do not seem to be in a hurry to enter the market. There is basically no significant accumulation of short positions below the 109,000 area, with scattered short positions in the 107,000-108,000 range. On the other hand, the bulls have formed significant liquidity around the 101,000 area. From a liquidation perspective, it is definitely more cost-effective to liquidate the bulls downward. Therefore, overall, the short-term resistance for a market rebound is in the 107,000-108,000 area. If the rebound is blocked in this area, it is highly likely that a downward liquidation of the bulls will occur, and the key point for the downward trend is the appearance of a low point. In extreme cases, the liquidation of the bulls could reach below 100,000.

From a technical perspective, the weekly chart does not show significant growth potential and has some signs of a top forming. Therefore, if a weekly-level correction occurs next, it will likely seek support around 96,000, or a large-scale sideways movement is a high-probability event. Looking at the daily chart, it is generally in a correction cycle. The current price is forming some support at the daily MA30, but this is a typical slow decline near a large-scale support area. Until it breaks and stabilizes above 107,588, it remains in a fluctuating downward area, so there is no need to have high expectations. Moreover, the K-line has formed a downward three-method structure. The daily level needs strong bullish volume to change the trend in the short term. The four-hour chart leans towards a fluctuating trend, with short-term moving averages converging and flattening. The morning market surge encountered resistance at the MA120 line and fell back. The MACD has been in a bullish cycle for a while but has not shown significant bullish volume, indicating a need for further pullback and adjustment after encountering resistance.

Overall, the market is fluctuating with a tendency towards some weak trends. The operation should primarily focus on short positions, with long positions as a supplement. One can participate in layouts around 106,000, and we will see if a low point appears, triggering further bullish liquidation.

Ethereum has been quite lively recently, with both gains and losses. The market is experiencing serious long-short battles. The overall trend is still similar to Bitcoin, and operations should continue to focus on short positions, with light positions around 2,620 for layout participation.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes in real-time may lead to delayed information. Specific operations should follow real-time strategies. Feel free to contact and discuss the market.】

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