In the morning, there was a slight spike, with the market experiencing a tug-of-war between bulls and bears, once again entering a state of ambiguity. The Bitcoin price dipped to around 87800, while Ethereum fell to around 2966, followed by a rebound. Currently, the overall market is hovering around the short position suggested for the morning, with Bitcoin running around 89000 and Ethereum around 3030. For friends who haven't positioned yet this morning, this is the stage where short positions can be initiated.
From the perspective of volume, the rebound momentum has clearly weakened, and bullish strength continues to decline. On the four-hour level, the price repeatedly tests the upper Bollinger Band but meets resistance and falls back, failing to achieve an effective breakthrough. More critically, the three lines of the Bollinger Band are showing a pattern of about to close, indicating that a significant market movement is imminent. We remain steadfast in our bearish outlook; as long as the rebound cannot break through the key resistance levels, a new round of downward movement will surely commence.
Bitcoin target downward at 87000 Ethereum target downward at 2900
