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The biggest fear in the market is not a decline, but hesitation. Watching the market move as predicted and making profits, while oneself hesitates and misses the opportunity, is a very uncomfortable feeling. This weekend's operations are the best example.
On Saturday midnight, Bitcoin faced resistance around 90,500. Those who decisively entered short positions at that time made profits. The white trading session saw no surprises; Bitcoin moved downward as expected, with a lowest retracement to around 89,260, achieving a 1,300-point gain in a single move. Ethereum also moved lower in sync, reaching around 3,074, with the trend unfolding exactly as previously predicted.
Now the market has bottomed out and rebounded, with particularly obvious weekend volatility correction. From the four-hour chart, Bitcoin is operating in the upper band of the Bollinger Bands, showing a slight upward trend with small consecutive bullish candles, but the upward momentum is actually insufficient, and the pressure from the upper band continues to build. The hourly chart makes this clearer — the market is oscillating in the upper band of the Bollinger Bands, with short-term upward movement clearly hindered.
What’s next? The idea of catching short positions on rebounds still applies. Those who have already followed the previous rhythm can hold patiently. Those who haven't can look for new opportunities during the rebound.
Consider shorting Bitcoin around 90,500, with a target below 89,000; for Ethereum, around 3,130, with a target near 3,000. The pressure from the Bollinger Bands is still there, and this logic has not been broken.