Bitcoin and Ethereum welcomed a strong rebound at midnight yesterday, but the continuation of the morning rebound showed weak performance. Overall, it is still oscillating around the range. This type of slow oscillation is not a signal of a trend reversal, and the core pattern of the bearish trend has not changed. From the 4-hour cycle perspective, the Bollinger Bands are beginning to show a contraction state, with prices repeatedly contending and meandering between the upper and lower bands, which is essentially building momentum for further consolidation. Combined with the overall market analysis, it is more inclined to break down further after consolidation, opening up new adjustment space. In the afternoon operation, Bitcoin can focus on short positions around 114500, with the first target set at 112500; for Ethereum, pay attention to short opportunities around 4320, with a target temporarily set at around 4150. #BTC #ETH