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The current price has broken below the middle band of the Bollinger Bands, and is now trading below the middle band with downward pressure. The bullish upward trend is temporarily weakening. The lower band of the Bollinger Bands is turning upward, forming a strong support zone around 79,300 in the short term. The upper band continues to flatten, and the upward space above is temporarily suppressed. The overall market has shifted from a single-sided rally to a high-level pullback and range-bound consolidation pattern. The three lines are diverging downward simultaneously. The bearish momentum is still being released, but the J-line is leading to slow down, and may soon form a golden cross at a low level, triggering an oversold rebound correction. The previous high of 82,828 faces resistance and peaks, with the bulls unable to push higher, resulting in continuous pullbacks. In the short term, the price broke below the key level of 81,000, losing the bullish position. The short-term market focus continues to shift downward, with volume decreasing along with the decline, and funds flowing out significantly. The enthusiasm for chasing highs has fully retreated. After a brief dip to 79,137, the price slightly stabilized and rebounded, showing signs of short-term stabilization and correction. As long as the price cannot re-establish above the 80,900 middle band of the Bollinger Bands, the overall trend remains bearish. A rebound is an opportunity to short.
Bitcoin: Short around 80,500, target: 79,000

Ethereum: Short around 2,320, target: 2,200