$BTC This week's bearish market has arrived as expected, with Bitcoin retracing from around 118500 to around 114000, a space of nearly 4500 points. The Zhuowei team has positioned short orders, with Bitcoin accumulating profits of 2009 + 1767 + 1365 points, and Ethereum gaining 77 + 97 points.

The technical analysis shows a bearish dominance, with the daily line breaking the lower Bollinger band indicating a 'bearish opening', and five consecutive bearish candles forming a 'weak market arrangement'; the four-hour lower band shows divergent upper and lower shadows, with five consecutive bearish candles acting as a 'bearish cannon', and the rebound is an opportunity to increase positions, advisable to short at highs.

Weekend operation suggestion:

Bitcoin: Short in the range of 115300-115800, target 113000

Ethereum: Short in the range of 3600-3630, target 3450