$BTC

On the journey in the cryptocurrency world, every step is filled with challenges and opportunities. The brave move forward fearlessly, using resilience as armor, forging a legendary life.

Based on the current market situation, looking at the four-hour level, the market has formed a four consecutive bearish candle pattern, breaking through the lower Bollinger Band. The Bollinger Band is gradually opening up, and the downward space has been fully opened, with the middle line of the Bollinger Band continuing to maintain a downward trend. The rhythm has already moved out of a significant weak range, and the bulls have failed to stir any waves. The overall trend has completely fallen under the control of the bears. From the one-hour level, the market has strongly broken below the lower Bollinger Band, and a unilateral trend has taken shape, with the market further probing down. Although there is some support at the psychological level of 116000, even if the market rebounds, the strength will not be too great. Therefore, blindly trying to catch a bottom in the morning is not a wise choice; it should be done in accordance with the trend, adopting a high short strategy.

Bitcoin can be shorted around 116500 with a target of 115000.

Ethereum can be shorted around 3730 with a target of 3600.