The overall market has been in a volatile structure recently. Currently, Bitcoin has recovered to around 88,000 but faces resistance, and during midnight, it has maintained a range around 87,000 with sideways consolidation. The future trend is still likely to be a correction with a focus on bottom-building signals. As Japan's interest rate hike is almost certain, the market sentiment will tend to be bearish.

The current market is showing a weak overall trend and has entered a clear technical adjustment phase. On the daily chart, the price continues to be pressured below the lower band of the Bollinger Bands, with downward space gradually expanding. The lower band of the Bollinger Bands is also extending downward, and attention should be paid to a rebound breaking through the middle band for a bullish reversal and a second upward attempt. On the four-hour cycle, the three Bollinger Bands are moving downward synchronously, and the K-line has remained below the middle band without further volume expansion, indicating that the middle band still acts as a resistance level. In early trading, we maintain a short position around the middle band.

Bitcoin can be shorted at 88,000-88,500, with a target around 86,000. Ethereum can be shorted at 2,960-2,980, with a target around 2,880. #BTC #ETH