The current price of the cryptocurrency fluctuates above 87000, having fallen more than a thousand points from the 24-hour high of 88700. Previously, the price surged to a high of 90500 and has been on a downward trend since, with bullish momentum significantly diminishing and selling pressure gradually increasing, confirming a lack of upward strength in the short term.

From a technical perspective, the 4-hour candlestick chart has formed an M-shaped pattern of a surge followed by a fall. The initial support to watch is the 24-hour low of 86500; if this level is broken, the price is likely to further test the previous low around 84400, and the bearish signals from a technical standpoint are very clear!

Recommendation: Range between 88100-88700, with a target down to around 87000-85500. $ETH #美联储回购协议计划 #比特币与黄金战争 #比特币流动性