Opportunities are fleeting; only decisive action can seize the initiative. What you see is risk, while others see opportunity; while you are still watching, the strong have already laid their plans. This moment is the best time to change your fate.
From the current market situation, the daily level shows that after experiencing a large bullish stretch, the market has once again formed a two consecutive bearish candlestick pattern. Although there is a long lower shadow below the current bearish candle, there is certain support on the downside in the short term. However, the bearish trend is gradually emerging, and even if there is a rebound, it will not significantly change the overall trend. From the four-hour level, after experiencing five consecutive bearish candlesticks, the market has stopped and rebounded. Although the price has warmed slightly, it has already given back most of the recent gains. The MACD indicator has formed a death cross pattern, and the histogram has gradually increased below the zero axis. Therefore, the overall trend clearly favors the bears, so in morning operations, we can first pay attention to the strength of the rebound and then approach with a bearish mindset.
Bitcoin can be shorted around 114000-114500, with a short-term target of 112500, a medium-term target of 110500, and a long-term target of 108000.
Ethereum can be shorted around 4850-4880, with a short-term target of 4700, a medium-term target of 4550, and a long-term target of 4300.