According to the current market situation, the four-hour level shows that the price is still operating below the middle band of the Bollinger Bands. Although the bulls show a brief willingness to resist, the overall trend is still constrained by the selling pressure of the middle band and the downward opening of the Bollinger Bands, indicating that the bearish trend remains unchanged. Combined with the moving average system, which is in a bearish arrangement, the temporary rebound of the bulls is more likely to be a technical correction within the bearish trend rather than a trend reversal. From the one-hour level, after breaking through the middle band of the Bollinger Bands, the price has risen upwards, with all indicators turning upwards. However, the upper moving average resistance is significant, the MACD dual lines are gradually converging, and the RSI shows a downward turning action. Therefore, it is highly probable that the price will restart its downward trend after the rebound encounters resistance. Thus, in the evening operations, I will first pay attention to the strength of the rebound and choose the opportunity to go short.

Bitcoin can be shorted around 112000-112500, with a target of 110000.

Ethereum can be shorted around 4650, with a target of 4550.