Bitcoin fell back and stabilized around 86500 yesterday before starting to rebound again. The current price has returned to around 87400, fluctuating. After the rebound correction, it still closed at the median in the 4-hour chart. As long as it does not close above the high point of 90000 in the short-term, the weak downward trend remains unchanged. The rebound is merely a local correction indicator. If it closes lower, we can expect further declines. Pay attention to this rhythm: correct first and then continue to close lower the next day. Today's strategy is in sync with yesterday, still relying on the upper band of the 4-hour Bollinger Bands as resistance to view the market bearishly.

The suggestion for personal operation on Bitcoin this morning is to continue shorting in the rebound range of 88800-89300, aiming for a target near 87000-86000. High-position short orders can continue to be held.

On the Ethereum side, the bears also came out in force at midnight, with prices rising back to around 2960 for oscillation. The 4-hour chart is operating within a downward channel, with the resistance point near 3100 at the upper band of the downward channel being the critical point of this downward trend. If the downward trend line is not broken, the bearish trend on the 4-hour chart will not change, and the rebound in the short term is insufficient to alter the trend. The resistance at the rebound high point at the beginning of the week is around 3070. This level coincides with the 30-period moving average on the 4-hour chart. Due to the temporary stabilization after yesterday's rebound, it is possible that today will first see a rebound to confirm resistance before being pressured downwards. During the day, as long as the upper resistance point is maintained, continue to look for bearish continuation.

The personal trading advice for Ethereum in the morning is to continue shorting in the rebound range of 3020-3050, aiming for a target near 2900-2850. High-position short positions can be held.
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