$BTC Yesterday midnight, Bitcoin continued its range-bound volatility pattern, dipping to a low of 88465 in the evening before rebounding. It surged to a high of 89908 at midnight but faced resistance and fell back. Ethereum's movement was in sync with Bitcoin, rebounding after hitting a low of 2904 in the evening, then reaching a high of 2971 at midnight before facing pressure, and subsequently entering a phase of consolidation.

From the current market perspective, the daily chart shows a slight bullish rebound after consecutive bearish days, but the rebound lacks sustainability, and after a price recovery, it faces downward pressure again. The MACD on this level continues to expand with green bars below the zero axis, maintaining a death cross downward, indicating that the overall market is still dominated by bears. On the four-hour chart, the market has been alternating between bullish and bearish movements below the middle band of the Bollinger Bands. Although the price is gradually approaching the middle band, it is suppressed by selling pressure at the middle band, making it difficult for bulls to break through. Meanwhile, the KDJ indicator's three lines are gradually turning downward, and the morning operation suggests maintaining a high short position during rebounds as the primary strategy.

Bitcoin can be shorted in the 90000-90500 range, targeting around 88000; Ethereum can be shorted in the 2960-2980 range, targeting around 2850.