$BTC The market has experienced a sudden decline, with Bitcoin showing an intraday range of over 6000 points, and Ethereum simultaneously dropping by 230 points. The current market is entering a consolidation phase, and the bullish outlook given earlier in the morning has regrettably resulted in a small loss upon exit, due to the significant pullback and rapid pace.

From the current market perspective, Bitcoin's four-hour chart shows two consecutive bearish candles, and it is currently operating above the middle band. After touching the upper band last week, it has faced slight pressure and started to decline. There are signs of continued testing of the middle band support in the short term, and if this position is broken, it will lead to a substantial and sustained decline. After being pressured at the upper band last week, the four-hour level has formed a continuous wave-like decline, currently forming a second wave down. The price has dropped from the upper band to below the lower band and is closely following the lower band line, continuing to decline. In the short-term trend, bearish sentiment has taken over. Therefore, for today's operations, we recommend primarily focusing on shorting during rebounds.

Bitcoin: Short around 88000 Target 85000

Ethereum: Short around 2860 Target 2750#加密市场反弹