The evening Bitcoin surged to the 85000 level, encountering strong resistance, initiating a high exploration and pullback trend, with a low of 83034; our layout of Bitcoin is over sixteen hundred points. Ethereum also failed to break through the 1648 resistance level, followed by a significant pullback, dipping to 1559 at one point. Our layout for short positions is over forty points. Currently, it continues to oscillate within the box range, with both bulls and bears not yet breaking the existing pattern. As long as you follow my line of thinking, I believe everyone can reap plenty.

From the current market perspective, Ethereum's trend is consistent with Bitcoin's. After experiencing two consecutive bullish days, Bitcoin encountered resistance at a key resistance level and fell back, showing a clear reduction in bullish strength. Looking at the 4-hour structure, Bitcoin has repeatedly surged to high points only to quickly decline, forming five consecutive bearish candles, establishing a clear downward trend. The interspersed doji candles have long lower shadows, indicating intense bullish-bearish battles. As the Bollinger Bands channel gradually narrows, it suggests that the market is about to face a directional breakout. Considering the recent trend characteristics, it is recommended to first observe the strength of the rebound, and wait for the price to rise to a reasonable range before looking to position for short positions.

In the morning, Bitcoin can be bought at 84000-84500, targeting 86000, while Ethereum can be bought at 1550-1600, targeting around 1700.