$BTC

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Based on the current market situation, from a four-hour perspective, the market has formed a four consecutive bearish pattern that breaks through the lower Bollinger Band. The Bollinger Bands are gradually widening, and the downward space is fully opened. The middle line of the Bollinger Bands continues to maintain a downward trend, and the rhythm has already moved out of a larger weak category. The bulls have not stirred any waves, and the overall trend has completely fallen under the control of the bears. From a one-hour perspective, the market has strongly broken below the lower Bollinger Band, and a unilateral trend has taken shape. The market is further probing downward. Although there is some support at the psychological level of 116000, even if the market rebounds, its strength will not be great. Therefore, blindly bottom-fishing in the morning is not a wise choice; one should go with the trend and adopt a high short strategy.

Bitcoin can be shorted around 116500-117000 with a target of 115000.

Ethereum can be shorted around 3750 with a target of 3600.