From a technical structure perspective, Bitcoin, after reaching 86,000, rebounded to around 87,900 but remains in a predominantly bearish pattern. The current price has entered the key resistance zone of 87,500-88,000, which is the starting point of the previous decline, and the 4-hour chart shows divergence between price and volume along with indicator fatigue, casting doubt on the sustainability of the rebound momentum. If it cannot effectively hold above 88,000, a bearish structure with a lower secondary high may form.

If the rebound encounters resistance in this area, the first support below is the early morning low of 86,000. A break below this level would confirm the end of the rebound and initiate a new downward wave. The medium-term key support is in the 85,000-84,500 range, corresponding to the daily EMA30 and the lower edge of the previous consolidation platform. Losing this support could accelerate the decline towards the 82,000-81,500 region. #内容挖矿焕新公测开启 $BTC

Ethereum also shows signs of weak follow-through, with a weak rebound under the suppression of the 4-hour downtrend line. In terms of trading strategy, it is not advisable to chase longs at the current price. Instead, focus on the 87,800-88,200 zone for resistance signals and consider light short positions, with strict stop-loss set above 88,800. If the price directly breaks below 86,000, it may be appropriate to follow the trend downward. Be aware that if the price strongly stabilizes above 88,500, the short-term bearish logic will be invalidated.