BTC's recent trend is still worth paying attention to. From the four-hour K-line chart, after experiencing three consecutive bearish declines, there was a three-day rebound, but can this rebound reverse the trend? The Bollinger Bands tell us—upper, middle, and lower bands are all diverging downward simultaneously, indicating that the trend pressure remains high, and the price is being firmly pushed into a low-range zone.

To put it simply, this rebound is more of a technical pullback during a bearish phase, not a sign of trend reversal. The bearish control of the market remains unchanged.

From the morning trading perspective, BTC in the 91,500-92,000 range can consider short positions, with the lower target looking at 90,000-89,500. For ETH, around 3,150 is also a shorting opportunity, with a target of 3,030. The overall approach remains cautiously bearish, waiting for clearer directional signals.