Yesterday, the Bitcoin price fell from around 115800 in the evening to around 112700 by midnight, then oscillated within a small range. The bearish sentiment from yesterday and last night was once again validated, and all four short positions successfully took profit.

From a technical perspective, the four-hour level shows a step-like downward trend, with prices breaking below the lower Bollinger Band. Bearish momentum continues to be released, and the Bollinger Band maintains a downward opening state. Although there has been a slight rebound in bullish sentiment, the upward willingness is clearly insufficient, and the overall trend is still dominated by bears, suggesting a continuation of short operations in the morning.

Trading Suggestions:

• Bitcoin: Short around 113200-113600, target around 111500

• Ethereum: Short around 4120-4150, target around 4050