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The current market data is in a range-bound state between long and short, maintaining a consolidation. The daily chart has shown three consecutive bearish candles, with multiple small-bodied doji candles indicating a regular whipsaw. After spiking last night, it fell back to close as a bearish candle at midnight, and this morning it spiked again before retreating, with no clear trending market. The four-hour chart shows repeated dips and recoveries, with the lows slightly elevated, but the resistance at the highs remains unbroken, making it difficult to sustain upward movement in the short term. In the afternoon, we continue to expect consolidation, with the strategy focusing on shorting during rebounds!
Operation suggestions: Bitcoin: short near 118500, target at 116500. Ethereum: short near 3580, target at 3480.