Looking at Bitcoin's market trend, the previous decline was not a panic sell-off with rapid plunges, but rather a typical high-level pullback followed by oscillating downward movement.

From the four-hour chart, the price has been operating below the lower band of the Bollinger middle line, which has already turned downward. The moving averages above form a resistance pattern, indicating that the overall structure is still in a retracement cycle. Each rebound seems more like passive technical correction rather than genuine bullish momentum. Regarding candlestick patterns, recent formations frequently show small bodies with intertwined upper and lower shadows, a typical tug-of-war between bulls and bears at this level. However, the bulls have yet to achieve a sustained volume breakthrough, and the trend remains dominated by the bears.

Switching to the one-hour timeframe, after the initial rapid decline, the price did not continue to fall sharply but instead moved sideways in a consolidation phase. The lows are no longer significantly sinking, indicating that the bearish momentum is indeed waning. However, the rebound is very slow, characteristic of a weak oscillation correction. As long as the resistance above is not effectively broken, this market is unlikely to reverse into a trend reversal.

Technical suggestions:
Bitcoin 91300-91800 short, target around 90000
Ethereum 3150-3180 short, target around 3070