$BTC Yesterday at midnight, Bitcoin showed a narrow range of fluctuations: the price fell back from the evening high of 90599, rebounding after hitting a low of 87205 at midnight, and rose to around 90427 in the early morning. Ethereum also followed with a bottoming rebound, stabilizing and rebounding after dropping from the evening high of 3026 to a low of 2864 at midnight, and approaching the early morning high of 3069.

From the market perspective, on the daily level, after six consecutive bearish candles, the price rebounded after reaching the lower Bollinger Band, although the bulls managed to slightly warm up the price, it is only a drop in the bucket compared to the previous significant decline; moreover, the daily MACD double lines have extended downward with a death cross, and the volume bars continue to increase below the zero axis, indicating that the market structure has completed the switch from strong to weak, and this round of rebound is merely a technical correction. On the four-hour level, the market briefly rebounded before facing downward pressure again, with the middle Bollinger Band forming a clear pressure zone that continues to move downwards, confirming that a reversal is difficult in the short term under weak market conditions, with bearish sentiment dominating market trends. In summary, the morning operations will continue to maintain a bearish outlook.

Bitcoin can be shorted in the 89500-90000 range, targeting around 87500; Ethereum can be shorted in the 2980-3000 range, targeting around 2880.