With the release of the non-farm payroll data on July 4th, the cryptocurrency market has entered a new round of volatility. The price of Bitcoin briefly fell to around $108,700 after the data was released, and then slightly rebounded in the after-hours trading of US stocks, climbing to about $110,500 at one point. However, this upward momentum did not last, and the market soon began to correct.

Currently, the trend of Bitcoin has become relatively clear, and going short at high levels seems to be the choice of many traders. As previously predicted in market analysis, after Bitcoin broke through the 110,000 USD mark, every step has appeared exceptionally difficult.

For short-term traders, it may be worth considering shorting opportunities in the range of $109,500 to $109,000, with a target price set around $106,800. At the same time, Ethereum is showing a similar trend, with possible shorting opportunities around $2,600, and a target price to consider around $2,550.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should carefully assess risks when making any trading decisions, and develop appropriate trading strategies based on their own risk tolerance. Additionally, changes in market sentiment and external factors can significantly impact short-term price trends, so it is also very important to maintain continuous attention to market dynamics.