Yesterday, the entire crypto market was oscillating within a frustrating narrow range, causing holders to suffer through small fluctuations. It wasn't until the end of the session that a sudden sharp decline occurred, breaking through the previous day's lows and ending the stalemate for the day. The key now is whether the 87400 level can hold. If the price fails to form a strong rebound here, it is likely to continue downward to find a bottom. In this kind of market, rather than rushing to trade, it’s better to prioritize shorting the rebound, which is more convenient than desperately trying to catch the bottom. It is recommended to start with a small position to test the waters, and then gradually add as the trend confirms. This approach helps control risk and prevents being passively hit during repeated oscillations. Technical levels to watch: Bitcoin is consolidating around 87450, with a breakdown targeting 8600-85500; Ethereum is trading in the 2940-2970 range, and if support fails, it could drop to 2870-2840.

Today’s market rhythm is very clear; chasing highs results in being hit, which is a typical rebound after a surge. Bitcoin reached a temporary top last night and faced resistance, then traded back and forth at relatively high levels; Ethereum performed even weaker, falling from its high point and only rebounding from intraday lows in the evening. The daytime strategy of selling high and buying low captured 1124 points in Bitcoin and 84 points in Ethereum. Due to the stock market closing in the evening, volatility significantly narrowed, so there was no further entry. From a technical perspective, Bitcoin is still trapped in a 4-hour downtrend channel, and the weak pattern is hard to change. Although occasionally bulls attempt a rebound, each attempt lacks strength, mainly technical repairs after a sharp decline, with no real buying intent. The Bollinger Bands are widening, with the middle and lower bands moving downward simultaneously, indicating a classic bearish pattern. On the 1-hour chart, the rebound is even weaker. The price begins to turn back before reaching resistance above, and the lows continue to make new lows, with the downward channel framework remaining solid. Before seeing a confirmed reversal signal, the trading approach should focus on rebounds facing resistance, observing whether they get rejected from above. As long as the key support line below is not effectively broken, the possibility of a short-term technical rebound still exists.