#比特币对比代币化黄金 The market move last night was pretty brutal. BTC plunged all the way from 90,460 to 87,976, and ETH dropped from 3,110 to around 2,980. Our short position worked out nicely—we shorted BTC at 97,904 and closed at 88,363, netting 2,600 points; entered ETH at 3,008 and exited at 3,000, taking 130 points.

Honestly, the chart looks pretty ugly right now. The four-hour chart shows several consecutive bearish candles, already breaking below the lower Bollinger Band, and the moving averages are in a death cross, showing clear pressure. On the shorter timeframes, after a brief pause, the price continued to drop, with hardly any strength in the rebound—bears are still firmly in control. Market panic hasn’t fully played out yet, so bottom fishing at this point is just asking for trouble.

Strategy: stay cautious.
For BTC, you can continue to set up short positions in the 90,000 to 89,500 range, targeting around 88,000.
For ETH, if it rebounds to the 3,060–3,030 area, you can also go short, aiming for around 2,950.