Observing from the four-hour level, the market shows a clear characteristic of bearish column arrangement, forming a phased retracement trend. It is worth noting that each time a pin bar retracement occurs, the market enters a certain period of adjustment, but this has not changed the overall direction of movement, which is still dominated by a bearish unilateral trend. On the technical indicator level, a top divergence pattern has formed, and this signal indicates that there may be retracement pressure on the current trend. At the same time, the golden cross pattern of the fast and slow lines continues to move downwards, and the occurrence of death crosses during this period further strengthens the retracement trend, indicating that bearish forces are continuously accumulating, and the depth of the trend is also continuing to deepen. Overall, the bearish-dominated pattern will continue in the short term.

Operational Suggestions:

$BTC : Short near 113500, target 112000

$ETH : Short near 4160, target 4000