The current market is presenting a typical bearish suppression pattern. The sell orders above are dense, and every rebound encounters heavy resistance, with the bulls clearly unable to break through. From a technical perspective, the momentum of this wave has completely tilted in favor of the bears.

The performance on the 1-hour K-line is very intuitive. The price repeatedly oscillates around the key position of the middle band of the Bollinger Bands, which acts like a string being constantly tested. Once this support line is thoroughly broken, a dam-breaking decline will occur, and the short-term downward pressure will be quickly released.

In such a market environment, blindly chasing rebounds is like licking blood on a knife's edge, with extremely high risks. The trading strategy is very simple—stay firmly bearish, don’t overthink it.

Specific price references:

For BTC, the 91500-92300 zone is a short-term resistance area. If it fails to hold, the support levels below are 90500-89300.

The situation for ETH is similar; 3100-3150 is a key recent level. Once broken, the target drops to the 3050-2950 region.