The current four-hour level shows a clear oscillating consolidation pattern, with candlesticks alternating between small bearish and bullish shapes. The price continues to be under pressure below the middle band of the Bollinger Bands, which are in a parallel contraction state, indicating that both bulls and bears are in a stalemate, and the market is adjusting by exchanging time for space. Observing from the one-hour level, the market maintains a range oscillation characteristic, continuing to operate in an alternating bearish and bullish form below the middle band after a pullback. Given that the current market volatility is continuously narrowing and neither bulls nor bears have achieved a substantial breakthrough, it is recommended to treat the midnight operation with a range approach, focusing on the touch and breakout signals of high and low points. In the larger direction, continue to maintain a bearish outlook, adjusting strategies in a timely manner upon a breakout.

Bitcoin can be shorted directly around 108500, targeting 107300-106500. Ethereum can be shorted around 2520, targeting near 2400. #BTC #ETH $BTC