Bitcoin and Ethereum welcomed a strong rebound at midnight yesterday, but the continuation of the morning rebound showed weak performance, overall still oscillating around the range. This kind of tug-of-war slow oscillation trend is not a signal of a trend reversal, and the core pattern of the bearish trend has not changed. From the 4-hour cycle perspective, the Bollinger Bands have started to show a narrowing state, with prices repeatedly contesting and zigzagging between the upper and lower bands, which is essentially building momentum for further consolidation. Combined with the overall market analysis, it is more inclined to break down further after consolidation, opening new adjustment space. In the afternoon, for operations, Bitcoin can focus on short positions around 114500, with the first target looking at 112500; for Ethereum, focus on short position opportunities around 4320, with the target temporarily looking at around 4150. #BTC #ETH