Yesterday, Bitcoin experienced a volatile upward movement, with the highest price reaching around 89,500 in the evening. We simultaneously released a current price strategy layout, and as expected, the market retraced, with the lowest dip near 85,500, resulting in a total profit of 4,000 points within the range.

Analyzing the current market, the daily rebound momentum of Bitcoin continues to weaken, with consecutive long upper shadow candlesticks. This pattern clearly reflects insufficient buying power and tightening liquidity, with the bearish trend still dominating.
On the four-hour chart, after the price touched the upper Bollinger Band and faced resistance, it fell back. Subsequently, it plunged sharply below the lower band support and further broke through key defensive levels below. All moving averages are turning downward in unison, indicating a bearish arrangement that has already formed, suggesting further downside potential.
In terms of trading strategy, it is recommended to continue shorting on rebounds at higher levels as the main approach.
Bitcoin: Rebound to the 85800-86500 range for short positions, with targets down to 83800-82000; if it breaks below, then look towards 81000.
Ethereum: Rebound to the 2840-2890 range for short positions, with targets down to 2710-2650.
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