#数字货币市场回调 BTC This round of high-level volatility has been quite exciting. Since yesterday, it has been testing downwards all the way, with the maximum fluctuation directly hitting 8000 points and the lowest dropping to around 83786 before it started to catch its breath. Right now, it seems to have a bit of a rebound for correction, but to be honest, the momentum of the short positions is still quite fierce.

But I personally still lean towards being bullish. The key level is at 87200; as long as this point is held, the outlook remains unchanged. Of course, the previous breakout level has not yet been surpassed, so the upper pressure is definitely still there. At this time, we need to be a bit patient and wait for it to pull back to the right level before discussing further.

From a technical perspective, there are a few points: on the four-hour chart, after the drop, there is a correction starting, and the bulls are slowly climbing, but the Bollinger Bands are still opening downward, and the overall trend has not yet reversed. The hourly level is somewhat interesting; the rebound has reached near the upper Bollinger Band but cannot push through, and the moving averages are starting to spread upward, though the indicators show signs of potentially turning.

In this case, the short-term outlook appears strong, but don't forget that the longer cycle is still dominated by short positions. After this round of rebound, it is very likely that there will be a second retest of the support below. So, let's first see how far the rebound can go in the early session, and once it shows signs of being unable to push further or there is a clear pressure signal, it would be more prudent to consider placing short positions.

Specific point reference:
BTC: Consider short positions in the range of 87000-87500, targeting 85000-84500.
ETH: You can also short positions around 2850, target 2700.

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