Lin Bao's morning thoughts on the 4H level: a struggle between the M-top and the tower-shaped bottom, with resistance above and support below. Incremental trades can be made, but this is not yet a trend opportunity.

From the daily chart perspective, after the price breaks the resistance, the consolidation period is insufficient, and the downward movement has not been fully corrected, which does not support a sustained price increase. A correction process is still needed during this period, and specific changes should be observed in the intensity during the pullback process at a smaller time frame.

From the 4H chart perspective, the current market reached the previously mentioned first support level with a large bearish candle. Such a bearish candle usually comes with downward aftershocks, and the support from this kind of movement often leads to a gradual decline.

For Bitcoin, it is recommended to short around 95600-95800, targeting 92000-91000.

For Ethereum, it is recommended to short around 3350-3360, targeting 3260-3150.