$ETH The wise act in the cryptocurrency world, unfazed by rumors and not lost in illusions. In the sea of contracts, with reefs all around, only by discerning right from wrong and sticking to one's convictions can one sail through the waves and reach the shores of wealth. Yesterday at midnight, the Bitcoin market welcomed a strong downward trend coinciding with the announcement of the Federal Reserve's interest rate cut decision and the press conference on monetary policy. The price dropped from last night's high of 118738 to a low of 115700 before stopping, while Ethereum's midnight market mirrored Bitcoin's decline, with prices touching a low of 3677 before rebounding. Midnight's Sheng Ge provided a bearish outlook in advance, and the market perfectly fulfilled it, with Bitcoin and Ethereum short positions entered near 117794 and 3811 respectively, and exited near 115886 and 3709. Bitcoin's and Ethereum's short positions captured a space of 1900 points and 102 points respectively.

Based on the current market situation, looking at the four-hour level, the market shows a stepwise downward trend. Along the way, bulls have attempted several rebounds but have not broken out of a significant range, and the rebound momentum remains weak, with the highs after rebounds continually declining. The overall trend has now entered the control of bears. From the one-hour level, after a significant downward dive, the market has paused and rebounded, currently showing a four consecutive candle rise back above the lower Bollinger Band. However, the MACD indicator's two lines at this level have not recovered above the 0 axis, so the overall trend has not formed a reversal signal due to the current rebound. Therefore, in the morning operations, we will proceed with a bearish outlook after the rebound. #ETH🔥🔥🔥🔥🔥🔥

Bitcoin can be shorted near 118000 with targets at 116000-115500.

Ethereum can be shorted near 3800 with targets at 3650.