The overall market is stuck in a range-bound consolidation, with mainstream cryptocurrencies experiencing further narrowing of volatility.

During the morning trading session, Bitcoin launched multiple attacks, aiming directly at the key resistance level of 87,900. However, all attempts failed due to insufficient buying momentum, and the price quickly came under pressure and declined, finding support around 87,560. The trading range for the entire period has compressed to within 400 points, with both bulls and bears engaged in intense tug-of-war within the current range.

Ethereum's movement closely follows the overall market trend. After rising to a high of 2,959, it encountered bearish resistance and quickly retreated to stabilize around 2,927. The intraday volatility is only about 30 points, and market trading interest has significantly cooled down, with bulls and bears temporarily balanced.

From the four-hour technical perspective, the price continues to oscillate within the middle band of the Bollinger Bands. The middle band support shows strong resilience, repeatedly providing a bottom for the trend. However, at the same time, the rebound momentum shows clear signs of exhaustion, with upward pressure gradually increasing. The overall technical pattern has not fundamentally changed, and the probability of a continued bearish trend remains dominant.

Trading suggestions:
Short BTC at 88,800-88,300, target around 86,500

Short ETH at 2,970-3,000, target around 2,860