Looking at the four-hour chart, after the price surged to 90599, it began to show signs of fatigue, with a double top pattern gradually taking shape, indicating that the previous upward momentum is declining. Then the downward trend came – it directly got dumped from the upper band of the Bollinger Bands, piercing through the middle band in one breath, and breaking the previous consolidation platform support, with the lowest even touching the position of 86536. Now the Bollinger Bands are tightening, and the identity of the middle band has changed from previous support to current resistance – each time there is a rebound, the price gets blocked here, and the strength of the pullback is getting weaker each time.

From the perspective of candlestick analysis, this drop is quite fierce, with large bearish candle bodies and fast downward momentum. Conversely, during the rebound phase, there are small bullish candles slowly climbing up, and this contrast is very obvious — the selling pressure from the bears is particularly fierce, while the bulls clearly lack strength. At the one-hour level, although two bullish candles followed three bearish candles trying to recover, the tops of these two bullish candles have long upper shadows, indicating that every time it climbs near the middle band, it gets dumped, and the pressure for rebound is very evident.

The entire market is now showing a typical "fast fall and slow rise" weak rebound characteristic. The previous support has now become a resistance level, and the control of the bears has not loosened. The next operational thought is that shorting during the rebound remains the main tone, with a focus on closely watching the middle band and the previous platform, which are two key resistance conversion areas, to see if they can hold.