A brief review of yesterday's market situation, the morning closing overall showed a bearish strong pattern probing the bottom support structure. The Bitcoin price intraday once fell back to around 86000 to stop the decline, which is also the support point we anticipated. Later in the evening, as the coin price surged back and broke through the 90000 mark, it all retraced, once again staging the 'Hua Men Incident', where the market retraced nearly 5000 points. The recent strategy has repeatedly mentioned two key levels: 86000 and 90000. These two support and resistance levels are the key resistance for short-term fluctuations. Today's breakout focus needs to pay attention to the key evening CPI trends.

From the current market perspective, the daily structure is still under pressure at the mid-track position, with prices pulling back from the high positions. The K-line has also formed a long upper shadow, and the Bollinger Bands are in a flat formation, indicating that the current market is still dominated by bears. Without further news as a driving force, if the price ratio fails to break through the key resistance level, there is still a possibility of further drops in the future. Additionally, looking at the smaller time frame of the four-hour chart, the price ratio retraced again to the previous upward channel's bottom and fell back under pressure, showing a situation of rapid rise followed by pressure and decline. The MACD fast and slow lines below the zero line again show a death cross, indicating that the current market is still dominated by bears. The important support line at the bottom, 85000, has not been further broken, and the short-term pullback should pay attention to the support building situation near 85000, then look at the range fluctuations.

Bitcoin can be lightly shorted in the range of 86500-86200, observing the situation of breaking 85000. Ethereum can be lightly shorted near 2850, observing near 2730. #BTC #ETH