According to the current market situation, the four-hour level shows that the price has experienced a three consecutive bullish rebound, breaking through the middle Bollinger Band, but then faced resistance, forming a two consecutive bearish downturn. The Bollinger Bands are gradually narrowing, and the middle line is continuously moving downwards, indicating that the rhythm has shown a weak pattern. The previous rebound did not provide a significant range, so the earlier rebound is merely a correction during the downward process. From the one-hour level, the price has broken down through the middle Bollinger Band, and the MACD indicator has formed a death cross pattern. The indicator histogram has also dropped below the zero axis. Although the price has rebounded somewhat currently, the strength is clearly weak. Therefore, in the midnight operation, we will adopt a high short strategy after the rebound.

Bitcoin can be shorted around 118500, target at 116500.

Ethereum can be shorted around 4570-4550, target at 4450.