The same market, the same trend. Waking up early to check the market, it feels like the sky has fallen. The Bitcoin dropped again, piercing down 3000 points. Fortunately, it was at midnight, and there wasn't much real impact. Waking up early also meant going with the trend to short; Bitcoin shorted at 110196, then reached 108860, gaining 1336 points. Ethereum shorted at 4387, directly reaching 4351, gaining 36 points. Contracts need to be flexible and adaptable; stubbornly holding one direction can backfire.

Current trend, focus on the continuation and strength of the short-term decline. From the daily level, the short term has basically stabilized in a bearish trend. If the K-line closes with a big bearish candle, then in a unilateral rhythm, the pullback will have some continuation. After horizontal consolidation at the four-hour level, the market exhibits consecutive bearish drops breaking through the lower Bollinger Band support, and the moving average indicators also show a downward diverging pattern. Currently, the market is in a consolidation phase around the 110000 line with no obvious rebound signs. In the short term, the bearish trend dominates, and all technical indicators point to bearish. In the future, pay attention to the support situation around the 108500 line; if this position does not continue to decline, one can go long. The operation should follow the trend and participate in low longs!

Operation suggestion:

In the morning, Bitcoin can short around 110500-111000, with the target focusing on 108500.

Ethereum can short around 4465-4485, with the target focusing on 4350. $BTC