$BTC Cryptocurrency Circle, a place where dreams come true. Here, every bit of persistence can yield rewards, and every bit of effort can create brilliance. Let us work hand in hand, on this land full of hope, sowing dreams and reaping the future. Last midnight, Bitcoin's market experienced a strong downward trend, with the price slightly rising to the 118828 high point before facing pressure, and then began to decline, until the early morning market touched the 116077 low point. Ethereum's midnight market synchronized with Bitcoin's movements, with the price dropping from the 3816 high point to the 3709 low point. Brother Sheng's bearish outlook was given in advance at midnight, and the market confirmed as expected. Brother Sheng simultaneously arranged short positions for Bitcoin and Ethereum, entering near 118593 and 3801 respectively, and exiting near 117553 and 3756. The Bitcoin short position gained 1000 points, while the Ethereum short position gained 45 points. In the VIP guidance group, Bitcoin short positions were arranged to enter near 118700, and when the first profit target of 117000 was reached, they exited in batches, achieving a gain of 1700 points. Upon reaching the second profit target of 116500, they exited completely, gaining 2300 points.

Based on the current market situation, from a four-hour perspective, the market has formed a four consecutive bearish trend breaking through the lower Bollinger Band, with the Bollinger Band gradually opening up, completely opening the downward space. The middle line of the Bollinger Band continues to maintain a downward trend, and a larger level of weakness has already emerged. The bulls have failed to stir any waves, and the overall trend has completely fallen under the control of bears. From a one-hour perspective, the market has strongly broken through the lower Bollinger Band, with a one-sided trend already formed, and the market further exploring downward. Although there is certain support at the psychological level of 116000 below, even if the market rebounds, its strength will not be too great. Therefore, blindly bottom-fishing in the morning is not a wise choice; one should follow the trend and proceed with a bearish stance. #BTC☀

Bitcoin can be shorted near 116500-117000, targeting 115000.

Ethereum can be shorted near 3750, targeting 3600.