Midday Market Analysis Strategy

Reviewing the morning's decline from around 115300 to 114100, forming a W-shaped fluctuation, with several failed attempts to break through the key resistance level of 116000, indicating strong bearish pressure in this area.

Looking at the 1-hour chart, both Bitcoin and Ethereum have similar trends, both breaking below the middle band of the Bollinger Bands. Although there appears to be an upward channel, several upward tests have failed to hold, indicating significant resistance above. It is likely to decline next, or may briefly rise before dropping again; the short-term strategy remains focused on short positions.

Ethereum has shown weak rebound after breaking below the middle band of the Bollinger Bands, with resistance in the range of 3680-3710.

This aligns with expectations of short-term pressure and decline, so attention should be paid to whether the support level at 3600 can hold; if it breaks, further declines may occur.

Operation Suggestions

Bitcoin: Short near 114200, target around 113000

Ethereum: Short near 3650, target around 3580