Good morning, after the US stock market opened last night, the coin price was affected and began a continuous pump and consolidation rhythm, showing a slow upward trend overall, with the range high points continuously moving up. In the morning, after testing the high point of 4388, there was a significant pullback, and the current pullback is still ongoing.

In terms of Ethereum, looking at the four-hour chart, the coin price has rebounded somewhat after being pressured from the lower track, but the strength is not strong. From the continuous long upper shadows, it can be seen that there is obvious resistance below the middle track. The cross K-line in the early morning is also a clear sign before the coin price turns downward. The MACD energy bars continue to show a negative trend, and the KDJ three lines are nearly parallel and slowly moving down. Currently, the market shows a trend and momentum for further downward movement of the coin price. The bearish outlook remains unchanged, and it is advisable to plan for a high short position during the rebound.
Short BTC near 116500, pay attention to around 115500, short ETH near 4350, pay attention to around 4250.

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