The current hourly trend of Bitcoin is showing a high-level oscillation pattern. After a recent rally, the price has failed to maintain a strong unilateral trend and has instead entered a phase of horizontal consolidation, gradually forming a central structure. The market shows that both bulls and bears are repeatedly contesting in key areas, with the price testing the short-term resistance above multiple times before retreating, while the support area below also demonstrates a certain level of buying strength. This oscillating trend reflects the market entering a brief balance after experiencing rapid fluctuations in the earlier period, with trading sentiment becoming cautious. Although the price fluctuation range is gradually narrowing, the trading volume has not significantly shrunk, indicating that there is still potential for directional choices in the market.

From a technical perspective, the upper edge of the current oscillation center exerts a clear pressure on the price. If the price rebounds in the evening and approaches this resistance area again, one could consider participating with a light short position. It is important to pay attention to the sustainability of the rebound strength; if multiple attempts to push higher fail and are accompanied by a decrease in trading volume, the probability of a short-term pullback will increase. Below, we need to watch the support at the lower edge of the center; if it unexpectedly breaks down, it may open up further adjustment space. Overall, the market is in a high-level consolidation phase, and it is recommended to focus on high selling and low buying within the range, with a key emphasis on capturing pressure signals near the resistance level. In terms of operations, it is essential to remain flexible and set strict stop-loss orders to avoid risks from sudden fluctuations.

Short-term trading suggestions:
Short Bitcoin around 85000-85500, target focus near 83500; Short Ethereum around 1690, target focus near 1630.