The current Bitcoin small cycle shows obvious pressure in the four-hour cycle. We emphasized a rebound for repair over the weekend, but it deviated from expectations, first pulling back and then rebounding, leading to a fluctuating adjustment. Currently, the middle band of the Bollinger Bands continues the previous downward trajectory and is still in a weak fluctuating pattern.

On the one-hour level, the price action of the coin pulling back after hitting the middle band, combined with the confirmation of the MACD indicator's death cross signal, has released a clear short-term pressure signal. Although there was a slight rebound in the evening, the volume was severely insufficient, which belongs to a forced technical correction. The weak pattern of the larger cycle has not changed, so in this situation, it is best to go against the small trend and follow the larger trend.

Currently, Bitcoin is still paying attention to the resistance level around 118300-118500, attempting to short the orange line, with the initial target looking at the support at 116500.

Ethereum continues to monitor short opportunities around 4550-4530, with the lower target focusing on the key support level at 4360 and the breakdown levels at 4200-4160.

If the market rebounds beyond expectations, and Bitcoin stabilizes above 118500 or Ethereum breaks above 4450, then it is necessary to adjust the operating strategy in a timely manner to avoid the risk of a trend reversal. Therefore, it is crucial to use a small-level stop-loss on this trade and ensure proper protection. $BTC #BitDigital转型 $ETH #美联储取消创新活动监管计划