According to the current market situation, the four-hour level shows that the market has formed a four consecutive bearish trend, and the price is gradually approaching the lower Bollinger Band. The lower Bollinger Band retains certain support, preventing the bears from forming a strong breakout. However, the overall shape has now undergone a substantial change, and the overall trend has also fallen under the control of the bears. From the one-hour level, after a slight rebound, the market again formed a two consecutive bearish trend. The Bollinger Bands are opening downwards, and the lower space has been completely opened. The bears continue to increase in volume, and the key support levels below have all been broken. The adjustment points are continuously declining, indicating that the downward cycle has not yet ended. However, the KDJ indicator's three lines have all entered the oversold zone, so there is a high probability that the market will first rebound before continuing downward. Therefore, for the midnight operations, we will adopt a strategy of selling high after a rebound.

Bitcoin can be shorted near 118000-118500, targeting 115500.

Ethereum can be shorted near 4600, targeting 4450.