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$BTC Reviewing the early morning Bitcoin surge to a price of 89100, it faced pressure and fell back. Insufficient momentum to break above led the price into a downward channel, with the morning low coming to 87378 before entering a weak consolidation; Ethereum, like BTC, reached a high point around 2986 in the early morning, failing to break through the 3000 resistance level, and fell back to around 2902 in the morning, subsequently entering a weak consolidation.
From the daily level, Bitcoin is still in a consolidation pattern, and there has not yet been a trend reversal signal with the moving averages turning. Overall, it remains in a consolidation pattern, showing only a weak technical rebound. From the four-hour level, it is currently in a phase of fluctuating competition. If the price can stabilize at the support and break through the 88500 - 89000 range, it is expected to turn into a strong consolidation in the short term. If the support is lost, it will return to a weak correction. At the one-hour level, the short-term bullish momentum is weakening, and there are signs of correction pressure. The current candlestick chart shows a series of declining candles, indicating insufficient upward momentum in the short term, and the current strategy remains conservative.
Operational advice: Bitcoin is around 88500, targeting the 87000-86500 range.
Ethereum is around 2940, targeting towards 2850.