Bitcoin, Ethereum Afternoon

The market continues to weaken, with Bitcoin and Ethereum hitting new lows of 114300 and 4192 respectively, followed by a rebound, currently in a low-level oscillation.

From a technical perspective, the bearish trend continues to show weakness, with the Bollinger Bands maintaining a downward channel. As the highs and lows decline, the bullish momentum is clearly lacking in the short term. In the afternoon, the strategy remains to hold onto high short positions.

Short Bitcoin around 115500, targeting 114000-113000.

Short Ethereum in the 4250-4280 range, targeting the 4150-4100 range.