$BTC 2.28 Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Although there was a staged rebound in the early hours, we can clearly see that the upward momentum was not effectively sustained and quickly stalled at high levels. This pattern of "rising then falling back" has been repeatedly playing out recently, fundamentally reflecting a lack of bullish confidence in the market and insufficient buying support.

From the current 4-hour chart structure, the trend is very clear. After being pressured from the upper band, Bitcoin's price has been oscillating downward, showing a typical "weak rebound, strong pullback" pattern. The price has already effectively broken below the middle band from near the upper band, with candlestick patterns showing large bearish candles combined with smaller ones, continuing to probe lower. The full-bodied bearish candles highlight the strength and persistence of the bears.

Switching to the 1-hour chart, the short-term pressure is even more evident. Currently, the price has formed a four consecutive bearish candle pattern, directly breaking through the lower band support and continuing to fluctuate weakly around the lower band with alternating bullish and bearish candles. The short-term lows are being continuously refreshed, and the previously considered support zones have been effectively broken. Based on the current volume and price relationship, after this support break, the market is likely to continue moving in a bearish direction. Even if there are small rebounds in the middle, they will mainly serve to digest the divergence and prepare for the next downward move, forming a "healthy decline and gradual adjustment" pattern.

In the early morning, you can short Bitcoin around 66,200, with a target of 64,000.
In the early morning, you can short Ethereum around 1,950, with a target of 1,820.