The market's recent deep correction is not a trend reversal, but rather a reasonable adjustment to the previous overbought situation, with bearish momentum having been effectively released. Among them, Bitcoin's support around 109500 and Ethereum's support around 3640 are particularly notable, and clear stabilization signals have formed, providing a solid technical platform for subsequent rebound trends.

From the market performance perspective, the four-hour level oscillation consolidation pattern is clearly visible. After the previous correction ended, the market entered a narrow operating cycle of alternating small bearish and bullish movements, with prices supported by the lower Bollinger Band, maintaining an oscillating trend without releasing clear directional guidance signals. Currently, the forces of bulls and bears are in a balanced game, neither able to achieve an effective breakthrough of the existing oscillation range, and the probability of the market maintaining a small range oscillation in the short term is relatively high. Switching to the one-hour level, the details of the trend are further highlighted. After three consecutive small bearish declines, the market quickly welcomed a two consecutive bullish rebound for repair, with prices gradually approaching the middle Bollinger Band area; during this period, the Bollinger Band continues to narrow, indicating that the short-term operating space is continuously being compressed, overall presenting a converging trend. The core goal of operations is to capture the high and low points of the range, executing a short-term strategy of selling high and buying low.

Bitcoin can be shorted in the range of 111000-111500, with a target around 109000; Ethereum can be shorted in the range of 3800-3820, with a target around 3700.