Bitcoin Morning Analysis

After the intense bullish and bearish battle last night, market volatility has temporarily subsided, but the overall structure has shifted to a weak trend. Currently, the rebound from the low of 85200 is limited in scope and weak in momentum, with prices facing resistance around 86100. This is a typical technical correction after a decline and not a trend reversal signal. The bullish momentum is clearly insufficient, and the rebound is more likely due to short-term profit-taking by bears.

From a key level perspective, the 86100 to 86500 zone has formed an initial resistance, serving as a point to observe whether the bears still dominate the market. If the rebound stalls here or shows bearish patterns, prices are likely to retest the early morning low support at 85200. Once this level is broken, the downward space will further open, with targets around 84000-84500. Overall, the early morning market can be viewed as a consolidation in a bearish trend. Until prices effectively break and stabilize above 87000, the bearish pattern remains unchanged.

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Bitcoin Strategy: Short in the 86500-87000 range, target 85000
Ethereum Strategy: Short in the 2850-2880 range, target 2780