From the hourly Bollinger Bands perspective, the current channel shows a clear contraction state, with the channel continuously narrowing and volatility significantly decreasing. Dong Wei has broken below the middle track support and is gradually approaching the lower track, indicating a short-term trend reversal to the downside. When close to the lower track, it will trigger a technical support rebound, so Lao Wei suggests to short first and then go long.

Short Position Strategy

Bitcoin short near 113000-112800, targeting around 112000-111800.

Ethereum short near 4325-4350, targeting around 4220-4200.

Long Position Strategy

Bitcoin long near 111800-120000, targeting around 112800-113000, looking at 114000 in the medium to long term.

Ethereum long near 4200-4220, targeting around 4320-4360.