Evening Thought Analysis

From the technical pattern analysis of Bitcoin on the 4-hour level, the K-line alternates between bullish and bearish candles. This round of upward movement forms a typical double-top structure, and the upward breakout lacks momentum, failing to open up extension space. The resistance level has turned into a downward resistance for the price, prompting the market to oscillate lower. Meanwhile, the Bollinger Bands are gradually narrowing, indicating that the market's long and short forces are becoming stuck, making it difficult for bulls to accumulate enough energy for a breakout. On the hourly level, two consecutive bearish candles have driven the price down, but the pullback strength is limited and has not yet reached the previous low. The current price is in a high-level correction phase. Therefore, the evening trading strategy tends towards a high-short strategy, focusing closely on market fluctuations after the U.S. stock market opens, and flexibly adjusting according to real-time box trends.

Evening Suggestions:

Short positions can be arranged in the 85800-85300 range, targeting around 83000;

Ethereum can enter short in the 1640-1660 range, with a target price around 1590.