$BTC Don't let short-term fluctuations control your mindset, just as you shouldn't let rumors affect your judgment. The daytime market continues to show a weak pattern, overall demonstrating a downward oscillation trend. During the midnight session, prices continued to dip to a low near 83800, briefly stabilizing before embarking on a slight rebound, currently maintaining a consolidation rhythm around the 85400 level; Ethereum is also weakening, having touched a support level near 2710 during the day before slightly recovering, currently entering a narrow oscillation phase between 2750-2760.
From a technical analysis perspective, prices have been consistently operating below the moving average system at the daily level, with the Bollinger Bands showing a downward opening trend. Prices are weakly consolidating near the lower track, with a clear bearish dominance. Recently, the market has attempted to rebound multiple times but has failed to break through the upper resistance level, with short-term rebound momentum continuously depleting, making it likely to continue the downward trend, further approaching the key support area below. From a four-hour level perspective, the market experiences occasional slight rebounds during the continuous decline, but each rebound is accompanied by reduced volume, failing to form effective breakthroughs, and the rebound strength is far less than the downward momentum, essentially belonging to a weak correction within the downward trend. The moving averages at this level show a typical bearish arrangement, and the MACD indicator remains operating at a low level, with bearish momentum not yet fully released. The core trading strategy for the evening remains focused on shorting during rebounds, suggesting positioning short orders based on the key resistance area above to accurately seize trend-based profit opportunities.
Bitcoin: Short orders positioned near 85500-85800, targeting a drop to 83500.
Ethereum: Short orders positioned in the 2780-2800 range, targeting a drop to 2650.
