#比特币与黄金战争 Bitcoin pulled back after reaching the 88,000 level yesterday, and the daily chart shows a bearish engulfing reversal signal. The selling pressure at higher levels remains obvious and persistent, and buyers clearly lack the willingness to continue the rally at this point. From the volume-price relationship, the volume during the formation of the bearish candle increased by 30% compared to the previous trading day, further confirming the bearish selling enthusiasm.

The moving average system has already formed a clear bearish alignment. The MA7 short-term moving average acts as resistance above, with each rebound approaching this line being resisted, while the MA30 mid-term moving average continues to decline. More notably, the MA30 and MA60 have been in a death cross for three trading days. The entire moving average system is signaling a bearish trend.

This rebound has always exhibited volume-price divergence—while the price moves upward, the trading volume shrinks. Volume is the foundation of the market. A rebound without volume is merely an illusion; the bulls do not have enough energy to break through the previous consolidation zone of 89,000-89,500.

In terms of trading strategy, continue to establish short positions around 88,000 for Bitcoin, targeting the 86,000-85,000 zone. For Ethereum, focus on short opportunities between 2,980-3,010, with a target around 2,850. $BTC $ETH