The morning market shows that Bitcoin started to rebound at the position of 116,500 and fluctuated around 117,200. Ethereum started to rebound after descending to around 3,720, currently stabilizing near 3,750. In the early morning, the price fell continuously under the influence of multiple news factors. We, Kongdan, took the opportunity to cash out and will continue to make decisions based on news or market sentiment. Finally, we will also consider the structural aspects.

From the daily chart, Bitcoin shows a shooting star after the price closes, indicating a controlling head trend. From the four-hour structure, the Bollinger Bands have narrowed and continue to move downward in a parallel manner. The MACD continues to show negative growth below the zero axis, and the candlestick closes under pressure, opening a downward channel. On the hourly level, the candlesticks are arranged in a step-down trend, with the candlesticks forming a shooting star. In summary, Bitcoin's range is given for shorting around 117,000-117,400, targeting 116,000. Ethereum can be shorted around 3,760, targeting around 3,710. $BTC #加密立法新纪元