Due to the US stock market holiday today, the overall market trading atmosphere has become relatively quiet, liquidity has weakened, and it is expected that the intraday volatility will further contract. From the current 4-hour chart, the MACD indicator's dual lines remain below the zero line, and the momentum bars are consistently in the negative zone, indicating that the bearish structure has not yet been technically reversed. Notably, recent trading volume has shown a significant shrinking trend, and combined with the absence of US market activity, the market is unlikely to form a one-sided trend in the short term.

Regarding the moving average system, although the price temporarily retested and approached the EMA7 short-term moving average, it remains under pressure from the EMA30 and EMA120 medium-term moving averages. The bearish alignment has not been broken, and the current trend still leans towards weak consolidation.

Overall, in the afternoon, trading can still follow the strategy of mainly shorting high and buying low as a supplement. Bitcoin can be cautiously targeted around the 87,800-88,300 range for phased short positions, with the downside targets focusing on the 86,000-85,000 support zone.

For Ethereum, it is recommended to watch the pressure zone around 2,960-2,980 for light short positions, with targets potentially around 2,800-2,850.