$BTC In the ever-changing world of cryptocurrency, only faith remains eternal. With dreams as our horse, we shall not waste our youth; with currency as our boat, we’ll journey towards the future together. Let us advance hand in hand, writing our own legendary chapters in the ocean of digital currency. On the weekend, Bitcoin's market saw a dip to the low point of 111850 in the morning, followed by a rebound. After rebounding to around 13700 during midday, it fluctuated within a small range until the evening when the price slightly rose to a high point of 114200 before retreating. Ethereum's market followed Bitcoin's trajectory, with prices rising from the morning low of 3354 to the evening high of 3516, after which it paused and retreated to a low of 3454 before entering another rebound phase. In the morning, the Bitcoin and Ethereum short positions set by Brother Sheng observed the market entering a rebound recovery phase, leading to a decisive exit at break-even during midday. Both long and short positions were laid out in the afternoon and evening, with a significant volume that was not individually tallied.

Based on the current market, the four-hour level shows a trend of six consecutive upward candles approaching the upper Bollinger Band. The current bullish candles are relatively small, and the Bollinger Bands are gradually narrowing, compressing the space. Meanwhile, the midline of the Bollinger Bands continues to trend downwards. Although the MACD lines have extended upwards, they remain below the zero line. Additionally, the J value in the KDJ indicator has entered the overbought zone, significantly increasing the probability of a market correction. From the one-hour level, the market shows a stepwise upward trend continuously approaching the upper Bollinger Band, but the bulls are not strong and have not provided a large range. Therefore, after a sustained decline, the market requires a certain rebound correction to build momentum for a second downward test. Thus, in our midnight operations, we can first pay attention to the strength of the rebound, adopting a high short strategy.

Bitcoin can be shorted near 114500-114800 with a target of 112500.

Ethereum can be shorted near 3500-3530 with a target of 3400.