On Tuesday afternoon, the market did not show significant fluctuations, moving rather slowly, and went through a process of oscillation and repair. Currently, the coin price is mainly fluctuating around 88500. We continue to hold the short position at 88600 that we established in the afternoon, patiently waiting.

From the four-hour chart, there is a trend of consecutive upward candles, but it has not broken through the key resistance level of 89000, indicating that there is still pressure above. The short-term upward pressure is relatively high; from the one-hour chart, the current price is fluctuating around the middle track of 87819, but the upper Bollinger band at 89000 constitutes strong pressure. If it cannot break through, it may test the lower support at 86629. Overall, the bullish forces are being suppressed. Although the market shows some signs of rebound, the strength is relatively limited, and the overall downward trend remains evident. In the short term, we need to be cautious of the risk of breaking downwards. In trading, it is advisable to observe the effectiveness of the support at 87500. If it breaks below, the bears may further dominate the market.

In the evening, one can short Bitcoin in the range of 88800-89300, targeting around 86500; for Ethereum, one can short in the range of 1650-1680, targeting around 1560. #比特币 $BTC