Last midnight, the Bitcoin market exhibited a pattern of first declining and then rising. The price initially plunged strongly to the low point of 98115 and then halted, followed by a volatile rebound, with the highest point reaching 100885 in the early morning. Ethereum similarly saw the market drop to a low of 2111 at midnight before starting to rebound, with the price peaking at 2235 in the early morning.

Based on the current market analysis, the four-hour level shows that after experiencing a downward movement, the bulls are pushing for a rebound, and the price has warmed up above the lower Bollinger Band. However, the overall market remains in a downward channel, and the MACD indicator's dual lines continue to operate below the 0 axis, providing no clear signal for a trend reversal. Thus, the current rebound is merely a normal technical correction, and the overall trend still leans towards a weak pattern. From the one-hour level, the market has gradually rebounded to the middle track of the Bollinger Band and then stopped, with the middle track showing strong resistance, indicating that the continuity of the bullish rebound is not strong. Therefore, in the morning operations, we will adopt a high-short strategy after the rebound.

Bitcoin can be shorted near 101500, with a target of 99000.

Ethereum can be shorted near 2250, with a target of 2150.