Weak Market Continuation
The intraday trend continues to show weakness, with Bitcoin rebounding to around 84300 in the early session but falling back under pressure, hitting a low of around 82800 during the afternoon before stabilizing.
From the chart perspective, the 4-hour chart is under pressure at the 84500 level and has not effectively broken through. In the short term, we see 84500 as a key resistance level; if the market forms a double top structure, there could be further declines in the future. The effective support level below is near the middle track; if the price pulls back to around 81600 and breaks below, it may continue the downward trend. If the support holds, a rebound is expected.
Overall, the current market shows certain signs of pressure, and operations should still focus on short positions, especially when the price approaches the 84000 level, where short positions can be considered.
Short positions in the Bitcoin 83800-84300 area, target 83000-82000
Short positions in the Ethereum 1930-1950 area, target 1850-1800
