$ETH The Bollinger Band trend on the hourly level is flattening, with the price running above the middle band but facing resistance near the upper band. The distance between the upper and lower bands is narrowing, showing a volatile pattern, and the risk of breaking out after the volatility is increasing. The short-term rebound has failed to push the Bollinger Bands open upwards, and the hourly chart has tested the upper band multiple times without success. If there is no strength to break through the upper band resistance afterwards, it is likely to test the middle band support downwards. Once the middle band is breached, bearish sentiment may dominate the market, driving it down to the lower band. After a short-term consolidation, the probability of a bearish outlook increases. In the morning, Brother Five also suggested a high short strategy.

Operation suggestion:

Bitcoin: Short around 92500-92000, target looking down at 90000

Ethereum: Short around 3030-3000, target looking down at 2920-2900