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From the daily chart perspective, after a continuous decline, the last two candlesticks have noticeably shorter bodies, indicating that downward momentum is beginning to slow down. There are short-term signs of stabilization, but the overall trend remains in a bearish channel and has not experienced a substantial reversal.
Switching to the hourly level, the price is oscillating around 90500, with the bulls and bears temporarily balanced. The market is in a pre-formation stage before choosing a direction.
Technical structure:
MACD needs repair, with a possibility of a technical rebound, but overall it remains in a bearish alignment;
There is dense resistance above, with limited room for a rebound, more like an adjustment during a decline rather than a trend reversal.
Strategy:
In the short term, consider lightly trying to rebound around 90500, with stops placed at the lower boundary of the consolidation zone;
If a rebound reaches a key resistance level and shows signs of weakening, then follow up with a short position;
Avoid betting on a bottom against the trend, just follow the structure.
Specific references:
Buy in batches in the 90800 – 91500 range for short positions, targeting 89800 – 88500;
Attempt to short in the 3100 – 3130 range, targeting 3070 – 3040. $BTC $ETH
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