Based on the current market conditions, the four-hour level shows that after experiencing a three consecutive bullish rebound, it is now giving a two consecutive bearish comeback. Currently, the buying power is clearly insufficient, and there is significant selling pressure above. The bulls have not provided enough continuity, and the bears' strength is starting to spread. The price not only retraced the day's gains but is also continuously testing the lower support. From the one-hour level, the market is showing a strong downward trend with three consecutive bearish candles approaching the lower Bollinger Band. The volume of the bears is still being released, and there hasn't been much change in the pattern; the bears still control the pace. Therefore, in the evening operations, we will continue to maintain a bearish outlook, but we also need to pay attention to the news in the evening (Powell's speech) that may impact the market, and be prepared for on-the-spot adjustments.

Bitcoin can be shorted near 112500, target 110000.

Ethereum can be shorted near 4250, target 4000.