The tide of wealth never waits for those who hesitate; every heartbeat brings us closer to the next breakout point.

According to the current market situation, the four-hour level shows that the market is experiencing a two consecutive bearish trend, breaking through the middle track of the Bollinger Bands. The overall trend has entered a bearish dominance, and the bearish momentum continues to diverge. Meanwhile, the KDJ indicator's three lines have turned downward and formed a death cross pattern. The bulls are completely suppressed by the bears, showing no signs of recovery. It is highly likely that the market will continue to move downward. From the one-hour level, after testing the selling pressure at the upper track of the Bollinger Bands, the market has formed a strong downward trend with three consecutive bearish candles. The Bollinger Bands are gradually widening, and the space has been fully opened, with the bears continuously increasing their volume. Key support levels below have all been lost, and the adjustment points keep declining, indicating that the downward cycle has not yet ended. Although in the short term, the bulls may provide a technical rebound, it does not affect the overall downward trend. Therefore, in the morning operations, we will proceed with the idea of shorting after the rebound.

Bitcoin can be shorted around 111500-112000, targeting 110000.

Ethereum can be shorted around 4530, targeting 4400.