From the evening 4-hour market perspective, the coin price has fallen to the lower band of the Bollinger Bands. After this round of strong decline broke the support level, there has been no effective rebound. From a technical perspective, the downtrend is likely to continue, and BTC may dip to around 118000, while ETH needs to pay close attention to the defensive strength at the 4200 level below.

The current coin price level is not suitable for short positions. If any friends are looking to short, it is recommended to take a small position and short 1 lot of ETH, observing whether it can break through the 4280-4300 range. If it can effectively break down, we can expect a continuation of the dip.

In terms of operational strategy, as a bullish-oriented approach, future layouts will focus on placing long positions around the strong support level below. More aggressive investors may first attempt a short position to secure some profits, and then switch to long positions to seize rebound opportunities.
Operation suggestions:
Bitcoin 108000-108500 dip, look at 110000, defend 500 points.
Ethereum 4230-4270 dip, look at 4350, defend 30 points.