The weekend is about to end, and we will welcome a new week. This week, Bitcoin's price fluctuated significantly, continuing a downward trend at the beginning of the week, with prices hitting a low of $74,457. However, the market did not continue to decline but instead entered a phase of wide fluctuations, completing technical repairs through repeated market cleansing. As market sentiment gradually stabilized, Bitcoin saw a strong rebound towards the end of the week, skyrocketing to $86,100. Ethereum also showed resilience, with its price once dipping to the key support level of $1,384. Fortunately, the bullish forces came into play just in time, and Ether launched a fierce offensive in the closing stages, quickly rising in price and reaching a peak of $1,669, demonstrating strong rebound momentum. Is everyone keeping up with the rhythm?

Currently, Bitcoin is oscillating in a narrow range around $83,700, with the market in a high-level consolidation phase. From the 4-hour technical chart, the MACD indicator shows that bullish momentum is continuously weakening, with the fast and slow lines gradually converging towards the zero axis, indicating a decrease in short-term upward momentum and cautioning against potential technical pullback risks. Meanwhile, the KDJ indicator shows a downward turning trend with its three lines; if the KDJ indicator subsequently forms a low-level golden cross, a new round of rebound may be triggered. Ethereum is around $1,570, consistent with Bitcoin's trend. In the 1-hour level chart, the bearish MACD momentum bars continue to narrow, but the daily level still maintains a dominant bearish pattern, limiting the price rebound, suggesting that the downward trend may have some continuity. Based on the overall technical signals, it is recommended to seize short-selling opportunities in the evening's high price range.

Bitcoin can be shorted in the range of $83,800-$84,000, targeting around $82,000,

Ethereum can be shorted in the range of $1,580-$1,630, targeting around $1,500.

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