Bitcoin and Altcoin Midday Market Analysis

Core Trading Recommendations

- Bitcoin: Rebound to the 90800-91500 range to establish short positions, targeting 88300-86800.
- Ethereum: Rebound to the 3060-3100 range to establish short positions, targeting 2910-2800.

Market Logic Analysis

Yesterday, Bitcoin repeatedly tested the critical resistance level of 90000 but failed each time, with the price dipping to around 87200. Our two rounds of high-altitude short strategies yesterday accurately realized profits.

Although the price entered a technical rebound and correction phase afterward, it was unable to break through the previous downtrend resistance zone, with selling pressure remaining strong above.

From the 4-hour chart structure, Bitcoin experienced a brief rebound but was again pressured to fall back. The middle Bollinger Band continues to move downward, forming a clear resistance pattern. The overall weak trend is evident, with no effective reversal signals in the short term. The current market rhythm is dominated by bears.

Therefore, the intraday trading approach is recommended to rely on key resistance levels and adopt a strategy of shorting on rallies.