Looking back, the shorting position I provided yesterday was very accurate, getting on board near 3870 was also precise, and the lowest point came to 3760, with a hundred-point range, making it possible to take down tens of thousands of oil.

From the market perspective, on the four-hour level, the price has consecutively closed two bearish candles and is gradually approaching the middle band of the Bollinger Bands. Although the price has rebounded and the middle band provides some support, the bearish momentum has weakened, but the Bollinger Bands still maintain a downward opening, and the overall downward trend will not change in the short term.

Looking at the hourly level again, the market broke below the middle band of the Bollinger Bands, after which there was a rebound from the bulls, with the price rising above the middle band. However, the MACD indicator's dual lines have formed a death cross, and the histogram is showing an increasing downward trend. Therefore, for operations at midnight, one should first pay attention to the strength of the rebound, and then choose to layout shorting positions at high levels.

Ether: Shorting in the range of 3830-3860, target 3700, long-term view 3500, everyone should strictly maintain their defense.