The contract battle of $BTC $ETH is not a contest of intelligence and courage, but a competition of mindset. Victory should not lead to arrogance, and defeat should not lead to discouragement; with a peaceful heart, we face the ups and downs of the cryptocurrency world with a smile. Every trade is a practice, honing our character amidst fluctuations, and understanding the truth through gains and losses. Last midnight, Bitcoin's market performance welcomed a strong downturn with the announcement of the Federal Reserve's interest rate cut decision and the monetary policy press conference. The price fell from last night's high point of 118738 all the way down to a low point of 115700 before stopping. Ethereum's midnight performance synchronized with Bitcoin's decline, with the price touching a low of 3677 before stopping and rebounding. The bearish outlook given by Brother Sheng in advance was perfectly realized, and the short positions in Bitcoin and Ethereum, which were laid out near 117794 and 3811 respectively, were exited near 115886 and 3709. The Bitcoin and Ethereum shorts captured 1900 points of space and 102 points of space respectively.

From the current market view, on a four-hour level, the market shows a stepped downward trend, with bulls providing multiple rebounds but failing to break out of a larger range, and rebound momentum remains weak. The high points after the rebounds are also constantly declining, and the overall trend has now entered the control of the bears. From the one-hour level, after a significant downward plunge, the market has stopped and rebounded. Currently, the price shows a trend of four consecutive upward candles warming up above the lower Bollinger Band, but the MACD indicator's dual lines have not recovered above the 0 axis at this level, so the overall trend has not formed a reversal signal due to the current rebound. Therefore, in morning operations, we proceed with a bearish outlook after the rebound. #BTC🔥🔥🔥🔥🔥

Bitcoin can go short near 118000 with a target of 116000-115500.

Ethereum can go short near 3800 with a target of 3650.