I checked the BTC trend tonight, and I found it quite interesting.

First, the conclusion: If the price rebounds to the range of 87300-87600, I tend to be bearish, with the target set at 85800-85500; if ETH touches 2930-2950, I also expect a pullback to around 2860-2840.

Specifically, explain why you make this judgment. During the afternoon session, BTC rose from 86800 to 88000, but then dropped back to 86700, forming a standard inverted V shape, indicating that there is still significant pressure above. Now on the four-hour chart, we can see that the trading volume is contracting, the moving averages are starting to turn downwards, and the Bollinger Bands are also narrowing—under these circumstances, I am particularly focused on the support level at 85800, while a breakthrough above 88400 would be considered a real strengthening.

Looking at the hourly chart, it is clearer that the bearish strength is strengthening. There should be some support around 86000, but whether it can hold depends on the volume.

ETH's performance is slightly weaker, it touched 2953 after going up from 2918 and then started to step down in a ladder-like manner, and it has now fallen below 2900. The overall rhythm is in sync with BTC.

This is my view on tonight's market, for reference only. #香港稳定币监管框架 $BTC $SOL