Now is not the end, but just the echo of the previous cycle; the real climax is still on the way.

From the current market perspective, the four-hour level shows that the market is in a six consecutive bearish trend while maintaining an upward movement. The downward space has been completely opened, and the bearish momentum continues to dissipate. The bulls have not provided any substantial rebound, and a one-sided pattern has formed, with the overall trend completely relying on the bears. From the one-hour level, after a round of downward movement, the market rebounded and warmed up to the upper band of the Bollinger Bands, where it is oscillating and consolidating. Although the bulls have provided some rebounds during this process, the rebound strength is weak, and the overall structure remains bearish. The MACD histogram is gradually expanding below the zero axis, and the downward momentum is gradually spreading. However, the KDJ indicator has formed a golden cross pattern with three lines moving upwards in the short term, indicating that there is a certain expectation for a technical rebound in the future. Therefore, in terms of operations, we will adopt a strategy of high shorting after the rebound.

Bitcoin can be shorted around 115700, aiming for 113500.

Ethereum can be shorted around 4330-4350, aiming for 4200.