Yesterday afternoon, Bitcoin experienced a volatile rebound but failed to reach the 90,000 mark before starting to weaken. After the U.S. stock market opened in the evening, it continued to decline, currently dropping to around 86,000 in the early morning. (Unfortunately, our high short strategy for Bitcoin yesterday did not get executed, but we successfully captured a 150-point range in Ethereum, which is still quite impressive. Congratulations to those who followed along.)
As of the early morning, after the 4-hour closing, Bitcoin is trading below the lower Bollinger Band. The MACD and KDJ indicators are showing a downward resonance. Currently, the 87,500 level has shifted from support to resistance. In the short term, if the price cannot break through the lower band, it is expected that Bitcoin will revisit the 84,000 level. Looking at the hourly chart, the current market shows a one-sided downward trend, with weak rebound momentum and a significant decrease in trading volume. The MACD is losing momentum at high levels, and the red bars are starting to shorten. It is not suitable to chase long positions, so for the early morning trend, my personal view is to maintain a short-term swing strategy, focusing on high rebounds and supporting low dips.

Trading Strategy: Short at 87,000-87,500, target 85,000-84,000, stop loss at 88,000.
Not recommended to go long for now.
Ethereum's short-term trend is basically in sync with Bitcoin. After breaking below 3,000, the downward pressure has continued to increase, and with the current market leaning towards a volatile decline, the resistance level is around 3,050-3,100, while the support level is around 2,905-2,830. Therefore, for the early morning trend, my personal view is to maintain a short-term swing strategy, focusing on high rebounds and supporting low dips.
Trading Strategy: Short at 3,020-3,050, target: 2,950-2,900, stop loss: 3,070.
Not recommended to go long for now.
The current trend is expected to be sufficient, and I will continue to follow up.
Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be guided in real-time. Please be cautious when entering the market. Analysis is not easy; feel free to like and follow the public account for surprises!

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