After experiencing fluctuations and rebounds over the weekend, the market is showing signs of fatigue at high levels. Bitcoin has rebounded to the 88100 level, but Ethereum has clearly faced pressure at the 2850 mark. This indicates that selling pressure is intensifying above, and the rebound momentum may weaken. Therefore, we judge that the risk of downward movement in the future is relatively high, and the strategy continues to favor short positions at high levels.
From the 4-hour chart, Bitcoin has been fluctuating between the middle and lower bands throughout the day, showing an overall pattern of slow decline. The bullish rebound strength is significantly lacking, the middle band pressure remains effective, and the market is currently evolving gradually by trading time for space. On the 1-hour level, the Bollinger Bands have started to contract, with prices repeatedly running between the upper and lower bands. Despite multiple attempts to rebound upwards, they all faced pressure and fell back near the upper band. Currently, although the coin price is temporarily above the middle band, the rebound is more about accumulating strength for subsequent short positions, making it difficult to form an effective reversal. The key short-term resistance still looks at the 88500 line; if this position can hold firm, the bearish outlook remains unchanged.
Bitcoin: Lay short positions near 88500, target attention on 85000.
Ethereum: Lay short positions in the range of 2840-2870, target attention on 2750.
