Market trends rise and fall like tides; a steady heart fears not the storms, and the future remains promising. On Friday evening, the Bitcoin market surged strongly due to signals from Powell indicating a warming expectation for interest rate cuts, causing the price to rise sharply from a low point of around 111700 to a high point of around 117278. The Ethereum market also maintained a synchronous upward trend with Bitcoin, with prices rising robustly from a low point of around 4208 to a high point of around 4665.

From the current market perspective, the four-hour chart indicates a strong bullish stretch; however, it is clear that this wave of bullish momentum is not a structural trend change but rather an impact from news. Additionally, the current bullish candle has a long upper shadow, indicating that the continuation of the next round of upward momentum has been interrupted. Therefore, after digesting the current news, the price will likely enter a corrective phase. From the one-hour perspective, the market has formed three consecutive bullish candles, breaking through the upper Bollinger Band. For such a strong upward probing movement, sustained momentum is necessary to maintain the price ceiling. However, it currently appears that bullish momentum has somewhat weakened, suggesting that the midnight market will likely see a probing high followed by a pullback. Thus, in terms of operations, we should first pay attention to the continuation of the next round of probing highs and approach it with a short-sell mindset.

A short position can be taken near 117500 for Bitcoin, targeting 115000.

A short position can be taken near 4780-4800 for Ethereum, targeting 4600.