At midnight yesterday, Bitcoin reached a low of 113200 before rebounding. In the morning, it peaked at 114569 before facing resistance and falling back; Ethereum followed a similar trend, pulling back to a low of 4263 before rebounding, and in the morning, it touched a high of 4378 before retreating.

From a technical perspective, the four-hour chart shows a rebound that seems to be losing momentum, with the middle Bollinger Band acting as resistance that remains unbroken and continues to move downwards, overall still dominated by bears; on the hourly chart, after hitting the upper band, it faced resistance and fell back, with the KDJ indicator showing signs of an obvious death cross in the overbought area, indicating increasing short-term pullback pressure.

In summary, the morning trading strategy suggests selling on the rebound:

- Bitcoin: short around 114500, target 113000

- Ethereum: short around 4350, target 4250#加密市场回调