From the hourly perspective, the BOLL upper band is narrowing downwards, indicating that the upward space for price rebounds has been compressed; the MACD indicator's green bars are continuously narrowing, and the DIF and DEA lines are nearing a golden cross formation, reflecting that short-term bearish momentum is gradually diminishing. However, the KDJ indicator has shown a top divergence pattern and is synchronously turning downwards, suggesting that the short-term rebound may have already reached its end.

Switching to the 4-hour cycle, the trend is still under pressure: the BOLL lower band continues to expand downwards, and the middle band exerts strong pressure on the price; the MACD indicator's red bars are exhibiting a contracting trend, and the DIF and DEA lines maintain a death cross state with a continuous downward opening, indicating that the medium-term bearish trend has not yet reversed, and the short-term price is likely to continue the oscillating downward rhythm.

Big Cake: Sell near 87800-88800, target 86800, 84800

Second Cake: Sell near 2980-3020, target 2930, 2830

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