12.2 Morning: The rebound cannot change the downtrend, focusing on high short positions.

The four-hour chart shows that although the market is experiencing a rebound correction within a one-sided downtrend, the trading volume continues to shrink, and the bullish counterattack lacks core capital momentum support. Essentially, this is a technical breathing space dominated by bears. The current weak rebound pattern with volume-price divergence is clear, indicating that after a short-term adjustment, the market is likely to continue its original downward trajectory, and one should not mistakenly view the rebound as a reversal signal. From the indicators, although the MACD bearish energy bars are marginally reducing, they still linger in a low range without showing effective volume expansion or a stop-loss signal, making it difficult to support a substantial reversal. Both the height and sustainability of the rebound have significant limitations.

Operation Suggestions

BTC: It is recommended to short between 86800-87800, targeting 85000-84000. If it breaks down, continue to look down to 82000.
ETH: It is recommended to short in the range of 2830-2860, with a target around 2700, $BTC $ETH