Friday, mainstream analysis, significant pressure above, rebound to short

If there is no guiding light on the road ahead, you will struggle to move forward. Overnight, the market experienced a round of pullback, with Bitcoin hitting a low of 90800 and Ethereum at 3064. This decline has confirmed yesterday's bearish outlook, especially regarding the entry position, which is so accurate that you might doubt it.

Currently, in the short term, the market is beginning to decline. On the 4-hour chart, the Bollinger Bands are in a convergence pattern, while the rebound repairs are moving downwards. In the short term, upward movement is halted. On the 1-hour chart, there is a trend of gradual decline, and the current rebound is under pressure at the middle band. Overall, the short-term upward momentum is weak, and the strategy remains focused on short positions.

For Bitcoin, it is recommended to short above 93000, with a target of 90000. If broken, continue to look down to 88000-86000.

For Ethereum, it is recommended to short above 3200, with a target of 3100-3050$BTC $ETH