The current market's core bearish pattern remains intact, and the previous consolidation phase is gradually gaining momentum. With the slow release of volume, the bearish forces have completed their buildup and are warming up, and subsequent trends do not require excessive deliberation; a firm downward outlook can grasp swing opportunities.
The overall market momentum is showing weakness, but the downward trend has begun to show signs of gradual warming. From the analysis of hourly trends, the market continues to be under pressure at the middle Bollinger band and is steadily moving downward. Although there have been brief rebound actions during this period, the rebound momentum is evidently insufficient, making it difficult to form an effective breakthrough. The bullish forces have been severely damaged in repeated games and are unable to organize an effective counterattack, leading to a one-sided market sentiment where the bearish pattern continues to strengthen, and the downward trend is becoming increasingly clear. During the weekend's market fluctuation and consolidation, the bearish forces have completed their buildup and warming up; it is recommended to arrange short positions in line with the trend, relying on key resistance levels to enter the market and seize the trend-following downward opportunities.
Short near 89000 for Bitcoin Target 87000
