Market trends are born in despair, rise in hesitation, and collapse in celebration.

According to the current market situation, the daily level shows that after a continuous rise, it is close to the middle band of the Bollinger Bands, but there is a certain upper shadow above the bullish bar, indicating that selling pressure above has always existed. The MACD indicator has formed a dead cross pattern with its dual lines, and the histogram is also below the zero axis, indicating that bearish momentum is gradually diverging. The market is likely to unfold in favor of the bears. From the four-hour level, the market shows a three-consecutive bearish trend gradually approaching the lower band of the Bollinger Bands. Although it has not moved out of a larger range, the bearish trend is like a surging undercurrent, clear and strong. In the face of the bearish onslaught, the bulls have not launched a significant counterattack, and the overall market trend is firmly controlled by the bears. However, in the KDJ indicator, the J line has entered the oversold area, suggesting that there is a possibility of a technical rebound in the short term. Therefore, in the morning operations, we have adopted a strategy of high shorts after the rebound.

Bitcoin can be shorted around 118,000 with a short-term target of 116,500, a medium-term target of 115,000, and a long-term target of 112,500.

Ethereum can be shorted around 4,530 with a short-term target of 4,400, a medium-term target of 4,250, and a long-term target of 4,000.