(8, 21 Early Morning Market Analysis Strategy) In the four-hour cycle, a new cross bearish candlestick with prominent long upper and lower shadows has emerged. The upper shadow extends near 114500, clearly exposing the strong selling pressure at this level—evidently, some profit-taking positions have chosen to cash out here; while the lower shadow indicates solid support at the 112500 level, where the bulls have built effective support. Currently, the price is in a consolidation phase below a key resistance level, combined with the uncertainty from news at two in the morning, the safest strategy at this time is to remain on the sidelines and wait for the situation to clarify before making a decision.

Bitcoin $BTC 114600—Short near 115200, target 112000

Ethereum $ETH 4370—Short near 4400, target 4150