From the current market perspective, the daily level shows that after a strong decline earlier, there has been a rebound with three consecutive bullish candles. Although the bulls have regained some ground, the upward continuity is clearly insufficient, and it remains under pressure below the middle track. The price surged and then immediately retreated, indicating that the overall trend has not shown a substantial reversal. Switching to the 4-hour level, the market tested the support at the middle track of the Bollinger Bands and produced a minor bullish rebound. However, the price has consistently operated within the middle to upper track range of the Bollinger Bands, and recently, after a surge, there have been multiple occurrences of long upper shadows paired with bearish candles, indicating a loss of bullish momentum and highlighting significant short-term resistance above. In summary, for morning operations, Lao Hu suggests focusing on short positions.

Operation Suggestions

Short near 89000 for Bitcoin, with a target initially at 86800.

Short near 3020—3050 for Ether, with a target of 2880$BTC $ETH