Recently, the cryptocurrency market has shown a volatile trend, with significant price fluctuations. Major cryptocurrencies have experienced swings of several k points within a day, and this kind of correction phenomenon is quite normal in the current market environment.

Analysis shows that the market has entered a short-term pullback phase. From the 4-hour candlestick chart, a bearish candlestick pattern of a rise followed by a fall is about to form. Bitcoin began to oscillate downwards after reaching its peak, with a clear lack of upward momentum. It is expected to further decline in the next few hours. Investors should remain vigilant and set appropriate stop-loss positions.

For Bitcoin, it is recommended to short in the range of 121,400 to 122,300, with a target price around 119,200 to 118,300. For Ethereum, consider shorting in the range of 3,025 to 3,050, with a target price around 2,990 to 2,960.

It is worth noting that market trends change rapidly, and investors should closely monitor market dynamics and adjust their strategies in a timely manner. At the same time, it is important to remember the significance of risk management, allocate funds reasonably, and avoid excessive leverage. In this uncertain market, it is crucial to remain calm and rational.

Overall, the current market is in a correction phase, but this may also provide potential entry opportunities for long-term investors. However, it is essential to conduct thorough research and analysis before making any investment decisions.