Early morning market again touched around 91,500, and the price, as expected, faced resistance and pulled back. Currently, we need to reassess the technical signals behind this decline.

From multiple timeframes, both the 4-hour and 8-hour Bollinger Bands show clear signs of turning. Bitcoin has broken below the 4-hour lower band and found support near the middle of the daily Bollinger Band, with the 89,000-90,000 range being very critical — it has successfully transformed from a previous strong resistance area into a solid support zone below. However, this rebound has limited strength and has not led to a stronger upward trend.

Specifically, on the 4-hour chart, after three consecutive bullish candles, it encountered resistance from the EMA30 moving average. The 8-hour chart faced dual resistance from the middle Bollinger Band and the EMA7 moving average, failing to break through effectively. Based on comprehensive technical analysis, the recent strategy remains primarily to look for short opportunities.

**Operational reference:**

Bitcoin: Short in the 91,500-92,000 range, target 89,500

Ethereum: Short in the 3,130-3,170 range, target 3,020