Analyst Liang Qiu: 10.10 Bitcoin Ethereum Kongdan successfully verified the morning market analysis.

Bitcoin and Ethereum's strategy around 4380 and 123000, which was repeatedly reminded last night, saw the market surge high and then drop all the way down to around 4260 and 119500. The overall space is still relatively large, with Bitcoin exceeding 3500 points and Ether exceeding 120 points in space. Congratulations to those who followed along. Currently, the market has rebounded, but a rebound does not mean a reversal, especially since Bitcoin's rebound strength is not significant. This is merely a market correction after a rapid decline and has not broken through yesterday's pressure point.
In terms of K-line patterns, there has been significant volatility in recent days, with each large drop followed by a rebound, but the strength of the rebound is gradually weakening. The current price is oscillating at a high level, forming a slight pullback trend. On the technical indicators, the MACD on the 4-hour cycle is in the negative zone, and the histogram continues to decrease in volume, indicating that the bearish strength has weakened, but it has not yet turned into a clear bullish trend. From the daily and 4-hour moving average indicators, the upper pressures at 122500 and 4420 are clearly evident, so one can enter short positions in batches below the pressure levels.
It is recommended to short Bitcoin around 121500 to 122000, targeting around 119500; short Ethereum around 4370 to 4400, targeting around 4280.
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