The large coin has retreated since peaking at 120,000 last night, but still maintains a high-level sideways consolidation; meanwhile, the small coin has started to fluctuate downwards, breaking below 3,650 and reaching a low of around 3,580, showing an overall trend of weakening.

From the eight-hour level, the market broke below the middle band of the Bollinger Bands and has not effectively stabilized or rebounded, indicating some continuation downwards. On the daily level, currently, both the large coin and the small coin have broken below the MA7 and MA10 indicators corresponding to 118,500 and 3,650 respectively, and no effective rebound has occurred. It is expected that after a peak in the early morning, the market will continue to decline.

Early morning operation suggestion:

Large coin: Set a short position around 118,000-118,500, targeting 116,000

Small coin: Set a short position around 3,610-3,640, targeting 3,540 $BTC $ETH