Hangkong Qing has been fluctuating for several days, showing no signs of breaking the sentiment. The overall space is not large. Yesterday, Bitcoin fluctuated upwards in the evening, reaching around 85600, which was the highest point of the day, then quickly retraced a bit to around 84600. Currently, the coin price is fluctuating above 85000 and has entered a consolidation phase. Unless large investors withdraw cash for the holiday, it is unlikely there will be significant volatility during the U.S. stock market holiday. In this case, everyone should proceed with caution. Luo Tian still suggests taking further steps at higher levels.

From a technical structure perspective, on the four-hour level, after the running channel opened, the price failed to maintain above the upper track and continued to fluctuate, resulting in a significant pullback. The volume has been arranged in a contraction state without support for release, and the moving averages have also shown a reversal. In the short cycle, there is a clear high-pressure situation. Under a strong upward movement, a certain level of consolidation is needed to build a base, and there is still space to test further below.

On the one-hour level, the price is struggling to stabilize at high levels, directly flooding down to the lower track, and the selling volume has shown a realignment release, causing the moving averages to turn consistently. After a downward spike, there has been some recovery effect, but it is a normal repair after a retracement. The demand for short-term adjustments is strong, and our upcoming strategy will focus on short positions at high levels.

Bitcoin rebound: Gradually take positions around 85500-86000, targeting near 84000, with resistance around 87000.

Ethereum rebound: Gradually take positions around 1635/1660, targeting near 1550, with resistance around 1700.