#BTC In the early morning, the coin price rebound failed to gain further continuation. With a shift to high fluctuations around 114500, the overall price turned negative after the morning close, with profits further pulling back, and the price dipped to around 111000. Currently, there is a slight stop in the decline, but it is still in a strong short position phase. Regarding Ether, it rebounded to around 4300 in the early morning but faced pressure and fell back for a while. The strong short position situation has formed, and the overall price will gradually move out of the downward channel, waiting for further market consolidation and dip with higher trade volumes to continue watching for continuation.

From a four-hour perspective, the coin price has rebounded to the middle track in a small consecutive rise pattern, then shifted to alternating small declines and rises, before once again turning into higher trade volumes for short positions. As the four-hour Bollinger Bands continue to narrow, the short positions' higher trade volumes have broken below the middle track. Although there hasn't been a further increase in trade volumes to break the bottom structure in the short term, it has already displayed strong bearish momentum. On the hourly chart, the coin price has quickly dropped from eight consecutive declines, falling back from the upper track to near the lower track. Currently, the KDJ three-line indicator is continuously diverging downwards, the MACD energy bars are steadily increasing, and the Bollinger Bands are slowly expanding downwards, indicating that the current downward momentum is still ongoing. The short-term operational suggestion is to maintain a bearish outlook, and after a rebound, consider placing short positions.

Short positions on Bitcoin can be placed around 112500-113000, watching near 110000. Short positions on Ether can be placed around 4070-4040, watching near 3950. #ETH