#密码资产动态追踪 【Early Session Technical Reading】

Bitcoin is currently oscillating at high levels with upside momentum continuing to face pressure. From the 4-hour chart, the price is repeatedly testing below the middle band of the Bollinger Bands. Although there was a rebound after touching the lower band support, the rebound lacks strength and follow-through, failing to form a true uptrend.

Shifting to the hourly level, the situation becomes more evident—the upper band of the Bollinger Bands forms clear resistance, with heavy selling pressure above. Combined with the continuation of the previous bearish structure, the entire three-band system is arranged downward. The current rebound appears more like a bull-trap technical reaction.

In simple terms: short-term bearish bias remains the main theme.

**Reference Strategy:**

**$BTC** - Current price around 91200, continue with bearish bias, targeting 89000

**Ethereum** - Short around 3120, target 3000

Market conditions change and risks evolve; position management always comes first.