The market is born in despair, rises in hesitation, and ends in celebration.

Based on the current market situation, the four-hour level indicates a stepwise downward trend, with prices breaking through the lower Bollinger Band. Bearish momentum continues to spread, and the Bollinger Band remains open downward. Although there is a slight rebound from the bulls at the moment, it is clear that the desire to rise is not strong. Overall, the trend still revolves around the bears. From the one-hour level, after rebounding and warming up above the lower Bollinger Band, the bears again delivered two consecutive bearish candles. However, based on previous trends, the lower Bollinger Band holds certain support, while also providing a platform for bullish rebounds. Therefore, the morning market is likely to first rebound before moving downward. In terms of operations, we will adopt a high short strategy after the rebound.

Bitcoin can be shorted around 113500-114000, targeting 112000.

Ethereum can be shorted around 4160-4180, targeting 4000.