On Tuesday, the daytime market experienced a slow downward fluctuation during the lunch session, touching the 85226 level. In the evening, the bulls began to gradually recover, currently reaching around 87299. Due to the previous decline, there is still a recovery space of over 2000 points. Ethereum showed relative weakness, with a downward dip during the lunch, touching the short-term bottom at 2870. In the evening, it recovered upward, currently reaching around 2962. After closing out the short positions during the lunch, traders did not continue to chase the short in the evening. Instead, they entered long positions around 85800, followed by a wave of rally. Our long positions were perfectly closed at around 87000, capturing 1200 points. The Ethereum long at 2900 was also perfectly closed at around 2950, gaining 50 points.

From the overall market structure, the previous surge with high volume has gradually come to an end, and the short-term trend has officially shifted into a range-bound tug-of-war. The deep retracement seen during yesterday's session is not a trend breakdown signal but rather an effective test of the support lows below—although the key support was broken during the retracement, the market quickly recovered afterward, further confirming the stability of the support level. The Bollinger Bands are currently showing a clear flat state, which matches the current box-range oscillation pattern, indicating that the short-term price is likely to continue within the existing range with no clear trend direction. Short-term pullbacks are preferred.

In the evening, focus on a short-term long position in Bitcoin around 87000-86800, with a target near 89000. For Ethereum, look for a long position around 2930-2900, with a target near 3050.