Early morning thought analysis:

Overall structure, BTC at the hourly level has rebounded after hitting the bottom, entering a consolidation and repair phase in the upper track area, currently prioritizing time for space. Coupled with the lack of news stimulation over the weekend, the overall volatility is limited. From a larger cycle perspective, the daily level signals are clear, and the wave-type pullback rhythm points to the 100000 mark; if the four-hour chart breaks through the middle track in the short term, there is still room for a rebound. Midnight operations can rely on the upper track position of 112000, implementing a bearish strategy.

Operation suggestion:

Big coin: Short near 111600-112400, target around 110400-109700

Ethereum: Short near 4310-4320, target around 4200-4170