$BTC Greed will make you blindly chase highs, while fear will leave you in a panic. Learn to control your emotions, stay calm and rational, and operate according to your investment plan and strategy, without being swayed by the market's short-term fluctuations.

In the early morning, the overall price of cryptocurrencies presents a one-sided downward trend, peaking at 120700 before retreating to around 118000 and stabilizing, then entering a rebound correction phase. Currently, Bitcoin is stable around 118800. Ethereum is similar, with the price dropping to 4182 after reaching 4370, and is currently consolidating around 4230.

Looking at the 4-hour K-line chart, the recent price has quickly retreated, with multiple consecutive bearish candles, breaking below the middle track, and the short-term trend has shifted from rising to falling, entering an adjustment phase. The DIF and DEA have formed a death cross, and the MACD histogram is negative, indicating the release of bearish energy, with a continuation of the short-term downward trend. The hourly level shows the upper track flattening before heading down, the middle track support has failed and is turning down, while the lower track is relatively flat. The Bollinger Bands show signs of widening, indicating intensified short-term volatility, with the lower track possibly becoming a key support. This morning, we can focus on bearish strategies.

Bitcoin: Short around 118900, target 117500

Ethereum: Short around 4250, target 4180