The market is like a battlefield, where rises and falls are the norm. Temporary setbacks are merely new opportunities to wash away the superficial and solidify the foundation. Last night's decline has proven the strength of the bearish momentum; do not let short-term ripples shake the foundation. In the next battle, victory is ours for the taking! Forward! Last night, Bitcoin experienced a strong rebound reaching the 108398 high point but faced a strong counterattack from bears, dipping to a low of 105700. Ethereum's movement was synchronized, briefly peaking at 2769 but failing to hold, quickly dropping to a bottom of 2614, perfectly confirming Xiaoge's forward-looking bearish analysis before midnight. At the same time, a short position was set up at 108200 as a sniper point; as market sentiment shifted, it was ultimately closed at 105900, capturing a profit of 2300 points, showcasing Xiaoge's precise grasp of the market pulse.

From the 4-hour technical analysis perspective, the current price is showing a震荡下行态势, operating near the lower track of the Bollinger Bands. The Bollinger Bands show signs of narrowing, indicating that the market is about to make a directional choice. The short-term resistance level above to focus on is the middle track of the Bollinger Bands, which poses significant pressure on rebounds. In terms of technical indicators, the Bollinger Bands show that prices are continuously running close to the lower track, with the middle track showing a clear downward trend, reflecting the dominant advantage of bears. In the MACD indicator, the DIF line continues to stay below the DEA line, maintaining a death cross state, and the negative value histogram shows an expanding trend, indicating that the bearish momentum is gradually strengthening. The KDJ indicator's three lines have all entered the oversold area; although this suggests there may be a short-term technical rebound demand, considering the risk of indicator dullness, the possibility of further price declines cannot be ruled out. The overall market on the 4-hour level is under bearish control, and the current downward momentum has yet to be fully released. To achieve an effective rebound, increased trading volume is needed. In terms of operational strategy, it is recommended to mainly establish short positions on rallies, while also taking advantage of oversold rebound opportunities.

Bitcoin: Short near 106400, short-term target 104000

Ethereum: Short near 2660, short-term target 2560