(8, 22 Today's Market Analysis Strategy for Bitcoin and Ethereum) From the 4-hour chart perspective, the current battle between bulls and bears is intense, with fierce competition. After experiencing five consecutive bearish candles, the price has entered a corrective uptrend channel. However, each rally has shown signs of insufficient momentum and limited strength, resulting in relatively constrained upward potential. Based on the overall technical signals, it is still recommended to focus primarily on short positions relying on high-level setups. Attention should be paid to the suppression effects near key resistance levels above, and opportunities for entering short positions after corrections should be seized.
Bitcoin short near $BTC 112900-113800, target 111200
Ethereum short near $ETH 4260-4300, target 4130