#美联储恢复降息进程 Let's review the early morning trend: Bitcoin dropped to a low of 83822, after which long positions started to fight back, pumping all the way to around 86860 before getting range-bound. Ethereum also rebounded, climbing from 2716 to 2814 before starting to move sideways. Yesterday, the actual trading rhythm was quite accurate here; after making a small profit on the long order and exiting, I directly took the opposite position for shorting, capturing 7385 points in Bitcoin and also gaining 269 points in Ethereum. Friends who followed this line of thought should have made a good profit. I repeatedly emphasized during the live stream that 90000 is a key support level; if it breaks, you need to look for short positions, first targeting 87000 — the morning alert was also given, and friends who listened definitely didn't lose on this round of shorting.

Looking at the technical aspect again. Bitcoin's four-hour chart has recorded two consecutive bullish candles after hitting a bottom at 83786, but this is just a weak recovery. The price is still wobbling within a downward channel, with short positions remaining dominant. The short-term moving averages maintain a bearish arrangement, and the middle band of the Bollinger Bands continues to move down. This rebound feels more like catching a breath, not a trend reversal. The hourly Bollinger Bands are starting to narrow, with the three bands moving horizontally, indicating a high probability of entering a range-bound phase. Although the candlestick chart is slowly climbing along the lower band, there is significant pressure above, and the rebound space is tightly constrained. The MACD has formed a bullish crossover at a low level, but the slope is as flat as a straight line, and the momentum is not picking up at all—plainly speaking, this is a technical correction in a bearish market, without any substantial support.

Overall, the current structure is still bearish. Morning trading strategy: mainly shorting at highs. However, keep an eye on Powell's speech at nine o'clock this morning; when he starts speaking, the market may behave erratically, so be cautious in managing risk.

Reference range:
Bitcoin: You can try short orders near 87000-87500, targeting 84000.
Ethereum: Layout short positions in the 2800-2830 range, target at 2650