$BTC From a 4-hour level perspective, the market continues to show a repeated oscillation trend, with the fluctuation range gradually narrowing. The price ratio maintains a narrow consolidation in the 89000-90500 range, and has not formed a clear one-sided trend. The candlestick chart mostly operates in the upper middle of the range, with multiple attempts to break through encountering resistance and falling back around 91500, where the pressure is significant. The support at the 89000 line is solid, effectively resisting downward pressure multiple times, becoming the core key position in the current long-short game.

Currently, the 1-hour chart shows a downward oscillation trend, with the Bollinger Bands opening downward and the price ratio operating near the lower track, where short-term bearish forces dominate. The support at 89000 is solid, limiting further downward movement of the price ratio, maintaining a narrow range consolidation in the short term. Observing the candlestick patterns, there have been three consecutive long bearish candles, with trading volume increasing simultaneously, indicating a continuous release of bearish momentum. Recent highs are gradually moving down, while lows have not effectively broken down, and the downward channel structure is clear. The market is likely to continue a weak pattern in the short term, overall being in a bearish-dominated oscillation downward phase. The effectiveness of the lower track support is the core focus in the short term. It is recommended to maintain a wait-and-see approach, waiting for the price ratio to pull back and gather strength, and for the trend to become clear before considering entering long positions; do not blindly chase after rising prices.

For the first pancake, go long near 89500, targeting 92500.

For the second pancake, go long near 3080, targeting 3200$ETH .