In the four-hour timeframe, the bearish volume gradually diminishes. The market rises to the middle band area, encounters resistance, and turns bearish. The key resistance level is around 88,000; the hourly chart shows a transition from bullish to bearish, with the market gradually declining. The initial support level to watch is around 86,000.
Early trading strategy: When Bitcoin rebounds to the 87,800-88,500 range, consider shorting on rallies with a target near 86,000; for Ethereum, short entries can be made in the 2,960-2,980 range with a target down to the 2,860-2,810 zone.
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In the four-hour timeframe, the bearish volume gradually diminishes. The market rises to the middle band area, encounters resistance, and turns bearish. The key resistance level is around 88,000; the hourly chart shows a transition from bullish to bearish, with the market gradually declining. The initial support level to watch is around 86,000.
Early trading strategy: When Bitcoin rebounds to the 87,800-88,500 range, consider shorting on rallies with a target near 86,000; for Ethereum, short entries can be made in the 2,960-2,980 range with a target down to the 2,860-2,810 zone.