Today's market finally breaks above the 90,000 mark, but this area has always been an important psychological pressure point for the market. From the chart, although the price briefly broke through, the upper shadow is significant, indicating that the bulls have not been able to hold effectively, and the highs are gradually declining, showing that selling pressure is gradually increasing. The current price is fluctuating closely around the 90,000 mark, indicating a growing divergence between bulls and bears. If it cannot break through the previous high with volume, the risk of a short-term pullback will further accumulate.

In terms of technical patterns, signs of a top divergence have appeared at the 1-hour level, with the MACD fast and slow lines narrowing above the zero line, and the red momentum bars continuously shortening, suggesting that the upward momentum is waning. In addition, the K-line has consecutively formed long upper shadows, repeatedly testing 91,000 before retreating, indicating that the bears are starting to exert force in the key resistance zone. Combined with the time cycle, liquidity usually weakens during the midnight period, making the market susceptible to short-term selling pressure. If the price breaks below the 90,000 support, it may accelerate the decline towards the lower 88,000 area. In terms of operations, it is advised to be cautious of false breakout risks, primarily reducing positions on rallies in the short term while waiting for clearer trend signals.

BTC 91,500 short, target down to 89,000

ETH 1,720 short, target down to 1,620