$BTC Based on the current market situation, the four-hour level shows that after a three consecutive bearish trend, the bulls have provided a two consecutive bullish rebound. Although the KDJ indicator's three lines have formed a golden cross pattern in the short term, the MACD indicator's two lines still maintain a downward extension state without any signs of reversal, and the Bollinger Bands are opening downward. Meanwhile, the middle line is also maintaining a downward trend, so the overall trend still remains bearish. From the one-hour level, the market is alternating between small bearish and bullish candles below the middle line of the Bollinger Bands, but the overall structure is still in a downward channel. Therefore, after experiencing a certain period of consolidation, there is still a demand for further decline. Thus, our subsequent strategy will still maintain a bearish outlook.

Bitcoin can be shorted near 110500-110800 with a target of 108500.

Ethereum can be shorted near 4450 with a target of 4300.