On Friday evening, the Bitcoin market experienced a strong downward movement, with the price dropping from a high of 106486 to a low of 103805 before stopping. Similarly, Ethereum's market fell from a high of 2569 to a low of 2488. During the day, the strategy of holding both long and short positions in Bitcoin and a short position in Ethereum was successfully executed. In the afternoon, as the market broke through the range, a long position in Bitcoin was established near 105333, and exited near 106423, gaining 1000 points of space. In the evening, a bearish strategy was provided in advance, and the market moved as expected. The short positions in Bitcoin and Ethereum were established near 106073 and 2557, respectively, and exited near 103915 and 2492, with the Bitcoin short position earning 2100 points and the Ethereum short position earning 65 points. Overall, the day’s Bitcoin long and short positions earned a total of 3100 points, while the Ethereum short position earned 65 points.

Based on the current market situation, the four-hour level shows that after rebounding to the upper Bollinger Band, the market faced pressure, with bears causing significant downward movement. The price is currently operating below the middle Bollinger Band. The KDJ indicator has formed a dead cross, but has not continued to diverge downward. The overall market structure has once again entered a weak state. From the one-hour level, the market shows a strong downward movement with two consecutive bearish candles, and the price is approaching the lower Bollinger Band. The MACD indicator's fast and slow lines have formed a dead cross above the zero axis, and the indicator values have entered the negative range. However, the KDJ indicator's J value has entered the overbought zone, indicating the possibility of a technical pullback in the future. Therefore, our strategy for midnight operations is to take short positions after a rebound.

Short Bitcoin near 104500, targeting 103000.

Short Ethereum near 2530, targeting 2430.