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Let's see today's market performance. On the Bitcoin side, it surged to a high in the morning but then lost momentum, fluctuating repeatedly around 91,000, and by noon, it dipped to the 89,632 level. Ethereum's pace generally followed Bitcoin, reaching about 3,148 in the morning before pulling back, then consolidating around 3,115, with the lowest point at 3,066 during the lunch session.
From the 4-hour candlestick chart, the trend shows a continuous downward decline. Although there is relatively strong support below, the momentum for a rebound has clearly weakened, and the bulls are unable to push higher. All moving averages are aligned downward, indicating a clear bearish pattern. The middle band of the Bollinger Bands is acting as resistance, with the price consistently being pushed within the downward channel.
Switching to the 1-hour chart, although a few bullish candles have recently appeared, the upper band of the Bollinger Bands is forming noticeable resistance. The bands are still narrowing, which is a typical weak rebound correction pattern. Based on multi-timeframe signals, the trading strategy for the evening is to short on rebounds—this is the core approach, with risk management taking priority.
**Specific Recommendations:**
Bitcoin: Enter short positions around 91,000, targeting 89,000
Ethereum: Enter short positions around 3,100, targeting 3,000