$BTC

According to the current market situation, the four-hour level shows that after a round of decline, the bulls have rebounded again. The price is also moving closer to the upper band of the Bollinger Bands. In the short term, bullish momentum continues to diverge, but the KDJ indicator has formed a death cross at this level, and the MACD indicator's histogram is gradually shrinking above the 0 axis. Therefore, the overall trend is highly likely to show a pattern of rising and then falling again. From the one-hour level, the market has formed a two consecutive bullish rebound, and the KDJ and RSI indicators are all showing upward turns. However, the Bollinger Bands are narrowing down, which also compresses the space for bullish movement. Even though the bulls are currently in a continuous rising phase, there will not be a large range for the future. Therefore, in the early morning, we can first pay attention to the strength of the next round of bullish rebound and look for opportunities to short at high positions.

Bitcoin can be shorted around 117200, targeting 115500

Ethereum can be shorted around 4080, targeting 3950