Silk Road Evening

After hitting the bottom, Bitcoin rebounded and rose to the 114,000 line during the afternoon. After facing downward pressure, there was a tug-of-war between bulls and bears, ultimately returning to that position for consolidation; Ethereum surged as expected to a high of 3,660 and is currently consolidating at a high level.
Technical aspect

The four-hour chart shows four consecutive bearish candles, with the lower shadow briefly breaking through the mid-line but failing to stabilize, causing the price to return to a state of range-bound consolidation.
- The MACD fast and slow lines are running in convergence, with the death cross poised to occur, bullish momentum showing fatigue, and bearish strength gradually gaining the upper hand.
- The hourly indicators continue to decline, and the coin price has fallen below the lower boundary, indicating an oversold situation.

Operating Recommendations:
Bitcoin: Short at the range of 114500-115000, short-term target 113500, long-term outlook towards 112000
- Ethereum: Short around 3650, with targets at 3550 and 3500.