9.15 Monday Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions

There is no need to be tangled in the present, nor to worry too much about the future. What you once thought was an insurmountable low point, in retrospect, is merely a scenery on the path of growth. Looking back at the market trends early this morning, Bitcoin encountered resistance and fell back after reaching a high of 116050, eventually finding support at the 114777 level; Ethereum also showed a similar trend, rebounding to 4635 before facing downward pressure, and after hitting a low of 4578, it stopped falling. Overall, the market's volatility is relatively limited, and our previously given bearish strategy has once again been validated by the market, accurately capturing this wave of correction.
From the current market trend analysis, Bitcoin has continued the recent pattern of sideways consolidation, with prices fluctuating repeatedly within a narrow range. On the 4-hour K-line chart, the Bollinger Bands indicator continues to narrow, indicating that market volatility is significantly decreasing. Currently, the price hovers around the middle band. From a technical perspective, Bitcoin has been consolidating within the range of 116500-114700 for several days, and market sentiment remains cautious. We still maintain the strategy of shorting on rallies. Attention should be focused on the resistance area around 116500, which is the upper boundary of the recent consolidation range.
Bitcoin: Short sell near 115800-116300, with a short-term target of 114500.
Ethereum: Short positions can be taken around 4650-4670, with a short-term target of 4520.
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