The morning has once again validated the judgment regarding the market's rhythm.
Bitcoin has repeatedly faced pressure at the 88000 level, and several attempts to break through have not resulted in effective breakthroughs. After the bullish momentum has weakened, the bears have taken the opportunity to cover their positions, bringing the price back near 86000 for consolidation.
In actual trading layout, short positions were entered based on technical resistance levels, accurately capturing profits from this round of pullback, with some positions actively reduced below 86100. This indicates waiting for signals in key resistance areas; once the direction is confirmed, decisive execution is the key to stable trading.
The market always moves forward amidst fluctuations. Patiently waiting for reactions at key positions is more sustainable in the market than blindly chasing highs or cutting losses. Currently, the price is in a phase of consolidation, paying attention to the confirmation of support below and the strength of rebounds, and looking for the next phase of structural trading opportunities.
The current cryptocurrency market shows weak rebounds, with evident lack of bullish momentum, and the bearish pattern still dominates the market. Observing from a four-hour level, the market has formed a three-consecutive-day weak structure. Although temporarily supported near the middle track, every counterattack from the bears appears more aggressive, with rebound highs continually moving lower. At the hourly chart level, prices remain close to the lower track, and bearish volume has yet to show signs of exhaustion, with the downward channel intact.
The technical aspect shows that the key target level of 85000 previously identified is gradually becoming the focus area for bearish testing. As the price gradually dips, this level will face substantive testing from both bulls and bears. If the bears continue their current momentum, the price will further approach this target level. In terms of operations, attention can continue to focus on high short opportunities after rebounds face pressure, but caution is needed for possible fluctuations in key support areas.
Ethereum similarly shows linked weakness, with weak rebound strength; subsequent attention should be paid to the support strength near 2850. The overall market is still in a bearish-dominated adjustment period, and it is recommended to primarily focus on layouts that follow the trend after rebounds face resistance, while also ensuring risk control and guarding against possible pullbacks at key positions.
Bitcoin 87000 short target 85000
