#美SEC促进加密资产创新监管框架 The weekend market is starting to get volatile again. Last night’s plunge was really fierce, with a deep correction hitting in the middle of the night. BTC dropped to around 87,900 at its lowest, and ETH was dragged down to the 2,980 level. However, starting from the early morning, there seems to be some stabilization and rebound, with a short-term recovery trend kicking in.

From a technical perspective, on the four-hour chart, the price is now hovering around the lower Bollinger Band, with both bulls and bears repeatedly battling at this level, each testing where the true bottom lies. The previous downtrend is already very clear, with the middle and lower Bollinger Bands continuing to expand downward. Looking at the MACD indicator—the bearish crossover with negative divergence is still widening, indicating that the bears are temporarily in control.

Switching to the hourly chart, you’ll notice the current movement is below the middle Bollinger Band, and the momentum from this small rebound is basically exhausted. The middle band is forming obvious resistance again, so there’s a high probability of another downward move coming up.

In terms of strategy, my personal inclination is:
$BTC Consider light short positions in the 89,700-90,000 range, with a target around 88,500
$ETH Similarly, short positions can be set up in the 3,050-3,080 range, targeting the 3,980 level

Of course, weekend markets are highly volatile, so make sure to control your position sizes and manage your risk.