#BTC对标贵金属的竞争格局 Bitcoin looked quite interesting in yesterday's market movement. During the day, it slowly pushed up to around 90500 but was pushed back down. In the early hours, it fell to around 87000. The overall direction is still stable, and the short order made a profit of 3000 points in this round.

Looking at the four-hour chart, there has been a continuous fall with bearish candles, the previous rebound encountered strong resistance, and the recent tests at the bottom have not stirred up any waves, instead, the bearish sentiment is growing stronger.

From the one-hour perspective, it has oscillated around the middle band of the Bollinger Bands for a long time, repeatedly trying to hold the middle band support but ultimately failing, resulting in a series of bearish candles—indicating a weak trend. Now, although there are interspersed bullish and bearish candles, the key is whether this rebound can break through the 90,000 mark. If it cannot stabilize, then those rebounds are all meaningless.

On the technical side:
$BTC short order around 89500 → target pointing towards around 87000
$ETH short order around 3050 → target pointing towards around 2900

Purely personal observations, sharing in a conversational manner, not providing any investment advice.