According to the current market situation, the four smaller timeframes show that the price is consolidating above the middle band of the Bollinger Bands. Currently, both bulls and bears are restraining each other, and the price is lingering at low levels, which is clearly a phase of time exchanging for space adjustment. Considering the previous trends, every rebound by the bulls faces strong selling pressure from above, leading to a decline. Currently, the overall downtrend is becoming apparent, with the bulls' rebound momentum clearly insufficient and lacking sustainability. Therefore, it is highly likely that the market will continue to maintain a weak oscillation rhythm. From the one-hour timeframe perspective, the market is oscillating and consolidating around the middle band of the Bollinger Bands, with the price showing alternating bullish and bearish movements. The Bollinger Bands are narrowing in parallel, further compressing the space. However, the death cross pattern of the KDJ indicator's three lines remains intact. If the bulls fail to break through the upper pressure for a prolonged period, there will continue to be oscillating downward movement at midnight.

Short Bitcoin around 110,500, target at 108,500.

Short Ethereum around 4,580, target at 4,400.