During the early hours, the market began to slowly decline after a weak consolidation. BTC dipped to the line of 83780, then rebounded to around 85300 after some fluctuations, pushing the price back up to the vicinity of the 86000 integer mark for further consolidation; Ethereum simultaneously maintained a weak fluctuation pattern in the evening, retreating to a low around 2730 but failing to form an effective breakthrough, continuing to hover within this range, with overall fluctuation limited.

From the current market perspective, BTC shows a clear weak trend on the four-hour chart: after a rapid decline, the price stabilized at around 83786, followed by a technical correction with two consecutive bullish candles. It is currently facing resistance near the key resistance level of 86800, and the bearish dominant pattern remains unchanged. The short-term moving average system shows a standard bearish arrangement, and the middle band of the Bollinger Bands is running downward, confirming that the current market is in a weak consolidation phase after the decline, not a trend reversal signal. On the hourly level, the Bollinger Bands show a converging state with three bands arranged horizontally, indicating a high probability of entering a narrow range fluctuation correction period in the short term. After the K-line received support at the lower band of the Bollinger Bands, it gradually rebounded, attempting to test the upper pressure area, but the rebound process continues to be constrained by the key resistance zone, limiting the upward space. Although the MACD indicator forms a golden cross at a low level, the slope of the indicator is gentle, indicating insufficient upward momentum, and there is still a certain space for continued fluctuations in the short term. The short-term bottom support is focused around 85300; if the daily close drops below this level, it would represent the next round of further deep adjustments.

BTC can be shorted lightly at 86800-87200, looking at around 84700. Ether can be shorted lightly at 2800-2820, looking at around 2730.