Yesterday, Bitcoin experienced narrow fluctuations within a range, and in the evening, it suddenly plummeted below 89,800, with a sharp drop to around 85,000. After reaching the low, it weakly rebounded, with an overall decline of nearly 5,000 points. The current market is consolidating around 86,000 for recovery. Our high-altitude short strategy yesterday was accurately executed, achieving targets and generating efficient profits.

From a technical perspective, the 4-hour chart shows a clear bearish trend: the price broke below the lower Bollinger Band, which is opening downward overall. After breaking the band, there was no effective rebound, and it continues to be under pressure near the lower band; the MACD indicator shows a death cross continuation, with green momentum bars increasing, indicating that the bearish force has not yet exhausted; although the KDJ lines entered oversold territory, no effective golden cross has formed, limiting short-term rebound strength. Caution is advised for a potential retest of previous lows.

Bitcoin: Rebound to around 86,500-87,300, short at 85,000-83,000

Ethereum: Rebound to around 2,970-3,020, short at 2,890-2,800