Yesterday, during the pullback in BTC and ETH, multiple alerts were issued to follow the bearish trend and position for a short. The market accurately dipped to around BTC 85,000 and ETH 2,900, fully realizing profit targets, with bullish expectations at maximum. Currently, both remain in a volatile downward trend, with the bearish dominance firmly established, and overall weakness clearly evident. Key resistance levels above are suppressing upward movement, and rebound momentum remains weak, making it difficult to break through short-term resistance zones.

On the technical level, the daily trend shows a clear resonance of bearish signals: EMA indicators display a definite bearish alignment, Bollinger Bands are opening downward and diverging, indicating sufficient downward inertia; MACD remains below the zero line with a stable death cross, showing no signs of convergence in core bearish momentum. The 4-hour timeframe further confirms the weak structure, with candlestick patterns showing a oscillating downward trend. After declines, rebounds are weak with no effective reversal signals; prices have broken below the lower Bollinger Band, but without a confirmed retest after breaking, remaining under pressure near the lower band with a strong continuation of the downtrend.

In terms of indicators, on the 4-hour cycle, MACD green bars below the zero line continue to expand, with DIF and DEA moving downward simultaneously, indicating ongoing bearish momentum; RSI, although exiting the oversold zone, shows a need for short-term technical correction, but the correction strength is limited and unlikely to reverse the weakness; KDJ lines, despite entering oversold territory, have not formed a valid golden cross resonance signal, limiting short-term rebound space and making it difficult to break above resistance levels. In summary, the current bearish dominance remains unchanged, with no signs of bearish momentum exhaustion. Caution is advised for a potential second downward move, and trading should adhere to trend-following logic, avoiding blind counter-trend operations, with strict control over positions and risk boundaries.

Specific trading suggestions: Pay attention to resistance at the two zones of 86,500-87,300 and 88,800-88,000. If resistance is confirmed, consider attempting short positions for a potential drop of 500-6,000 points.