The midday market fluctuated and adjusted, only to see an increase in volume in the afternoon. We continue to hold the short positions we entered in the morning, and the short positions entered slightly later will also be held, eventually closing with a profit at the end, synchronously with Ethereum. The intraday price ratio continues a downward trend, with Bitcoin touching a low of around 92400, and Ethereum reaching a low of around 3344.

Current market sentiment remains bearish, and the price ratio has given a certain rebound for adjustment, but the bearish strength still dominates. On the four-hour chart, the weak downward trend continues to test the lower support, and the strength of the rebound repair is relatively weak. The overall pace appears slow due to market sentiment. In the short term, the market is mainly characterized by fluctuating declines, with downward space gradually opening up, and there are no obvious signs of stopping the decline or rebounding yet. We will pay attention to the support situation at the support level, and if it breaks that position again, further testing around 90000 is expected; our main strategy will remain bearish based on the trend.