#美联储恢复降息进程 Looking at the four-hour trend of Bitcoin, the position of 83786 has temporarily stabilized. After a sharp drop, two bullish lines have been recorded, which is a bit of a breather. However, don't celebrate too early; the price is still moving within a descending channel, and short positions still hold the initiative.

The short-term moving averages continue to show short positions, and the middle band of the Bollinger Bands is pressing down. This rebound feels more like a weak breath rather than a reversal signal. The hourly Bollinger Bands are starting to narrow, with three lines moving horizontally. Next, there is a high probability of narrow fluctuations for repair. The K-line is slowly climbing along the lower band, testing the upper resistance level, but the rebound space is really limited.

Although the MACD has formed a golden cross at a low level, look at that slope; the momentum is obviously insufficient. In simple terms, this is a technical correction in a bearish market, with no substantive support.

From the multi-timeframe analysis, the overall structure still leans towards bearish. Powell is scheduled to speak at 9 AM today, so this is something to keep a close eye on, as it may trigger short-term volatility. In terms of operations, it is recommended to primarily short on rebounds, while strictly controlling risk.

Specific strategy reference:
Bitcoin: Consider short positions in the 87000-87500 range, targeting around 84000.
Ether: The range of 2800-2830 can also be shorted, with the target probing down to 2650.

Market conditions may change at any time, and position management must be in place.