In the afternoon, the market gradually shifted to a consolidation rhythm after experiencing a rapid decline in the morning, with the trend becoming more stable. Currently, Bitcoin and Ethereum are oscillating around 87500 and 2950 respectively, with both bulls and bears temporarily reaching a balance in this area. Market sentiment has shifted from concentrated release in the morning to a wait-and-see recovery phase. In the morning, we seized the opportunity to enter short positions on Bitcoin and Ethereum during the market pullback. As the market fluctuates downward as expected, Bitcoin and Ethereum have both achieved solid take-profit levels.

From a daily chart perspective, the price is currently making a tentative upward attack towards the middle band of the Bollinger Bands. The candlestick chart shows long lower shadows during the pullback, indicating strong buying support when prices decline. A certain degree of effective support has been formed in the short term. The support area below has not been substantially broken, indicating a clear defensive willingness from the market at the current position. From an hourly chart perspective, the price is currently continuing to consolidate around 87500, with bulls and bears repeatedly contesting this area, leading to a brief competitive phase in the market. After recent continuous recovery, the overall weak pattern has eased, and technical indicators are gradually being corrected. In the short term, the price is expected to test the upper edge of the consolidation range upwards, with potential for a rebound. Operationally, maintaining the previous low long strategy is advisable.

Operation suggestions:

Bitcoin: Buy near 87400-87000

Target: near 88500

Ethereum: Buy near 2950-2930

Target: near 3050 #美联储回购协议计划 $ETH