After the early session price stabilized around the low of 87000, we decisively suggested a long position, targeting the 88000 level. As market sentiment warmed, the price steadily climbed and successfully reached the target, with short-term long positions perfectly realizing profits!

The current chart shows that after the price hit the high of 88850, it faced significant pressure and retreated, with the hourly line forming a long upper shadow, indicating concentrated selling pressure above. Although the MACD dual lines are still above the zero axis, the histogram has turned green and continues to shrink, indicating that bullish momentum is gradually weakening. In the afternoon, it is important to focus on the pressure in the 88000-88800 region. If the price fails to break through on a pullback, one can consider entering a short position relying on that resistance area, with short-term support referenced in the 87000-86500 range. Recently, market volatility has increased, so it is advised to maintain a light position and pay attention to risk control!

BTC88500 short, target down to 87000

ETH1595 short, target down to 1540