On Tuesday night, the Bitcoin market exhibited severe fluctuations. After a brief rise to 125077 points, Bitcoin encountered significant resistance and subsequently fell sharply, stabilizing around 120569 points late into the night. The trend of Ether was highly synchronized with Bitcoin, also starting to decline after reaching a high of 4757 points, ultimately falling to around 4450 points at midnight.

From a technical perspective, the four-hour chart shows two consecutive bearish candles, with the price having fallen to the lower Bollinger Band. Although there is some support below, the market has clearly shifted from strong to weak, and the moving average system is comprehensively declining and diverging, suggesting that any subsequent rebound is likely just a process of short positions building up. The hourly chart indicates that after six consecutive bearish candles, although a brief rebound occurred, the Bollinger Band still maintains a downward opening shape, indicating that this rebound may only be a short-term correction, making it difficult to reverse the current market pattern dominated by bearish sentiment.
Based on the current market situation, investors may consider positioning short orders after a rebound. For Bitcoin, attention can be paid to shorting opportunities in the range of 121500 to 122000 points, with a target set around 120000 points. Regarding Ethereum, shorting opportunities in the range of 4480 to 4500 points can be monitored, with a target considered around 4400 points.
However, investors need to be aware that the cryptocurrency market experiences significant fluctuations and carries high risks. Before making any investment decisions, they should thoroughly assess the risks and develop suitable strategies based on their own risk tolerance and investment goals. In addition, as market conditions change rapidly, investors should closely monitor the latest market trends and various factors that may affect coin prices to adjust their investment strategies in a timely manner.