$BTC

From a technical structure perspective, the daily price level continues to be under pressure below the moving average system. The Bollinger Bands maintain a downward opening trend, with prices weakly oscillating along the lower track. The bearish-dominated pattern has not fundamentally changed. Recent rebounds have failed to effectively break through the key resistance range above, and the rebound momentum is gradually depleting. There is a lack of upward momentum support in the short term, and it is expected that the market will continue to follow a downward rhythm, further testing the validity of the key support area below. On the four-hour level, although there have been periodic rebounds during the decline, the volume continues to shrink, and the rebound strength is weak, which is a typical continuation pattern of a downtrend. The moving average system at this level shows a standard bearish arrangement, and the MACD indicator has consistently operated in a low range, with bearish momentum not yet fully released, and insufficient short-term reversal signals. In terms of operational strategy, it is recommended to continue to rely on the high points of the rebound to place short positions, with a focus on the suppression effects of the key resistance area above, and to seek entry opportunities as appropriate.

Short Bitcoin around 87000, target 85000

Short Ethereum around 2850, target 2750