On the 4-hour chart, the price is near the lower Bollinger Band, with the overall range showing a downward inclination, indicating that the bears are still maintaining a strong position.

The moving average data indicators are in a downward arrangement, with the short-term moving averages continuously suppressing the price, further confirming the downward trend. The MA data indicators are operating below the zero axis, and the distance between each moving average is constantly widening. Although the histogram shows slight signs of shortening, it is still in the negative value range, indicating that the downward strength has only slightly weakened, but the overall trend has not been affected.

Personal suggestion:

Bitcoin: Enter at 110800-111500, target down to 108000-107000; if it breaks, look at 105000.

Altcoin: Enter at 4500-4530, target down to 4300-4220; if it breaks, look at 4060.