The bearish outlook in the morning has been validated. After the BTC changed hands in the morning, short positions continued to increase with higher trade volumes and fell, with the market once dipping to around 114900 before stabilizing. Meanwhile, the Ether side also showed a weak trend, with short positions once increasing and falling from the high of around 4500 to the line of 4277, providing a dip space of 200 points during the day. In the morning, we placed a short order for BTC around 117700, took profit halfway around 116100, and finalized the remaining at around 115200, having completely exited. For Ethereum, we entered a short order around 4490 in the morning and exited around 4310, securing a profit of over 170 points.

From the current market perspective, the daily line has turned bearish and broken below the key support of the 20-day moving average, with the overall operating range falling to between the middle and lower track. The large bearish candle indicates a shift to a bearish trend. This round of decline has once again dipped into the previous descending channel, and the large cycle's ascending channel has also basically been broken, showing a clear intention of a pullback in the large cycle, with still some bearish momentum in the future market. Looking at the small cycle four-hour chart, the Bollinger Bands have contracted and then turned into a large bearish candle, showing signs of reopening. The trend indicates a further downward structure gaining momentum, with the overall trend turning bearish. The future market should maintain a downward outlook; chasing shorts should not be overly aggressive, and it is important to pay attention to short-term rebounds and corrections before repositioning.

BTC can short in the range of 115500-116000, with short-term focus around 113500. For the long-term, look for a dip around 112500. Ether will not have a short order layout for now. #BTC# #ETH#