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Yesterday, Bitcoin briefly surged to 89,200 due to data stimuli but quickly retreated amid the mood of a high open and low close in the US stock market, forming a typical "bullish momentum exhausted" pattern. Currently, the price is lacking momentum in its rebound, facing resistance at the 88,000 level. Technical indicators show a weak rebound with limited volume and are constrained by the key resistance zone at 89,200-89,500. The subsequent waterfall decline indicates strong bearish momentum.
The overall structure has shifted to a bearish bias. The 4-hour indicators are weakening, and the price is showing weak oscillation under moving average pressure. If the rebound cannot break through the resistance zone at 88,500-88,800, it is highly likely to test the support at 87,500 again. Once this level is effectively broken, the downward target will directly point to the critical area of 86,000-86,500. #我的2026第一条帖 $BTC
Bitcoin strategy: Short near 88,500, target 86,800
Ethereum strategy: Short near 3,000, target 2,920