Over the weekend, the Bitcoin market exhibited a volatile downward trend, with the price dropping from a high of 106,173 in the morning to a low of 104,290 by midnight. Ethereum's daily movement mirrored that of Bitcoin, with the price declining from a high of 2,586 in the morning to a low of 2,491. The Bitcoin short positions established in the morning were entered around 106,051 and exited near 105,157, yielding a profit of 900 points. A second set of Bitcoin short positions was established around 105,307, exiting near 104,349, securing a profit of 1,000 points. The Ethereum short positions established during the day were entered around 2,544 and exited near 2,501, capturing a profit of 43 points. The total profit from the two Bitcoin short positions during the day amounted to 1,900 points.

From the current market perspective, the four-hour timeframe shows the market gradually declining with a pattern of two bearish candles enveloping one bullish candle. The Bollinger Bands are opening downwards, and the KDJ indicator's three lines are forming a death cross. The MACD indicator's two lines continue to operate below the zero axis, indicating that the overall trend is firmly in the hands of the bears. From the one-hour timeframe, after experiencing five consecutive bearish candles, the bulls provided some rebound, but the long upper shadow above the bullish candlestick indicates that there is still pressure above in the short term, and the bulls' desire to rebound is not strong. Therefore, our midnight strategy is to look for shorts after a rebound.

Bitcoin can be shorted near 105,000, aiming for a target of 103,000.

Ethereum can be shorted near 2,530, aiming for a target of 2,450.