The current Bitcoin price has formed three consecutive bearish candlesticks on the daily chart, with bearish momentum continuing to be released, and the market has not yet shown clear signs of a bottom. From a technical perspective, the candlestick bodies are full and the closing prices continue to weaken, indicating that there is further downward space in the short term, and the bearish trend maintains a strong dominant position. The four-hour chart shows that the coin price remains in a downward oscillation trend, and the KDJ indicator shows a synchronous decline pattern, indicating that market momentum continues to favor the bears. Technical indicators have not shown any obvious signs of recovery, suggesting that the current downward momentum has not yet exhausted, and the bearish advantage still has continuity.

Based on the current technical characteristics, it is recommended to adopt a "rebound layout for short positions" trading strategy:

Operation suggestions:

Bitcoin 110000-111000 range, looking at 108000

Ethereum 4390-4430 range, looking at 4200

Note: All operations must strictly set stop-losses, pay close attention to changes in market liquidity and the impact of macro news, and timely implement risk control.