Remember, every fluctuation of the candlestick is a form of training. Being able to smile through the "pinning" and corrections, resisting the impulse to "go all in", and maintaining the independence of "do your own research (DYOR)" amidst the noise is more precious than temporary unrealized gains. After all, what matters in the crypto world is not luck, but the ability to hold on to rationality amidst the ups and downs. In the early morning, the overall market continued its downward trend, with Bitcoin dipping to around 106200 before rebounding, while Ethereum reached a low of 3677 before rising in tandem. This retracement was quite significant; by the morning period, Bitcoin once again approached the 110000 mark but failed to stabilize effectively, with a rebound of nearly 4000 points during that time.

From the 4-hour K-line chart, the Bollinger Bands are clearly opening downwards, with a short-term trend showing a neutral to weak pattern. In terms of technical indicators, the DIF and DEA lines in the MACD indicator remain below the zero axis, indicating that the market is still dominated by bearish momentum; at the same time, the MACD histogram has significantly enlarged, reflecting that the current bearish force has entered an extremely strong state. Currently, the market has not formed a clear one-sided trend, and the price action repeatedly shows a characteristic of "a dip followed by a rebound," with high uncertainty. In terms of operations, it is recommended to follow the short-term trend, and Changsheng believes that continuing to short on rebounds should be the main strategy.
Operation Suggestion:

Bitcoin: Can dip around 109800, target at 106000
Two cakes: around 3880 can be short Target looks at 3650
$BTC $ETH