Based on the current market situation, the four-hour level shows a typical weak rebound pattern. Although the price has experienced a certain degree of rebound after three consecutive bearish candles, indicating a brief resistance willingness from the bulls, the overall trend is still constrained by the continuous downward movement of the Bollinger Band's middle line. Furthermore, the Bollinger Band is clearly expanding downwards, indicating that the bearish trend remains unchanged. Coupled with the bearish alignment of the moving average system, the price consistently operates below the middle line. Therefore, this rebound is more inclined to be a technical correction within the bearish trend rather than a trend reversal. From the hourly perspective, after breaking through the middle line of the Bollinger Band, the market has climbed upwards, with all indicators' moving averages turning upwards. However, there is significant resistance from the upper moving averages, the MACD double line remains below the zero line, and in the KDJ indicator, the K and J values have entered the overbought zone. Thus, the market is likely to restart its downward trend after the rebound faces resistance. Therefore, during midnight operations, I will first focus on the strength of the rebound and choose to go short at the right opportunity.

Bitcoin can be shorted near 117000, targeting 114500.

Ethereum can be shorted near 4380, targeting 4250.