As the US stock market opened higher across the board, Bitcoin once again surged to around 90500 before stopping and beginning to decline, hitting a low of currently 89100. We mentioned in our live broadcast that as long as it does not break below 90300, it is bold to short. The live broadcast's current price welfare order also successfully took profit and exited, gaining over 1000 points in space, and the current price has come to around 89200.
The current price is blocked and fell back around 90500, confirming that it failed to stabilize above the key resistance of 90300, forming a clear short-term top structure. Subsequently, the market continued to decline to around 89100, showing a weak rebound with gradually lower highs, indicating a bearish trend. If the rebound cannot effectively break through the pressure area of 89600-89800, it is expected to further test the support range of 88500-88200.
Bitcoin strategy: Short in the range of 89600-90300, target 88000.
Ethereum strategy: Short in the range of 3045-3070, target 2950.
