During the trading session on Tuesday night, Bitcoin was the first to start a rebound, reaching a high of 125077 points before facing significant pressure at that level, causing the price to sharply dip. It continued to fall until it reached a low of 120569 at midnight, where it stabilized. Meanwhile, Ethereum showed a high correlation with Bitcoin, also encountering resistance after climbing to a high of 4757, leading to a decline. It continued to drop and fell to around a low of 4450 during the midnight period.

The four-hour chart shows a consecutive two-candle decline, and the market has retraced to the lower Bollinger Band. Although there is support below, the trend of strong turning weak has been clearly established, and the moving average system is displaying a fully downward diverging pattern, indicating that the subsequent rebound is likely a process of bearish accumulation. Looking at the one-hour chart, after a six-candle decline, the brief rebound has led to a slight price recovery, but the downward opening pattern of the Bollinger Band has not changed, indicating that this rebound is merely a short-term correction and cannot reverse the current market situation dominated by bears. On Wednesday, follow the core strategy of laying short positions after the rebound.
You can short BTC in the range of 121500-122000, aiming for around 120000; you can short Ether in the range of 4480-4500, aiming for around 4400.