Bitcoin maintains a volatile pattern, reaching a high of 88500 in the early morning before falling back to around 86800 as expected, while Ethereum simultaneously weakened. The previous high short position has been realized as expected!
From the current market perspective, Bitcoin has made a significant breakout above the middle Bollinger Band on the four-hour chart, with the price quickly coming under pressure after touching the upper band, which shows a clear upper band suppression pattern. Although the previous low of 86100 formed short-term support, the current rebound is nearing its end, and technical bearish signals continue to strengthen. Once it breaks below the middle Bollinger Band, the price will further test the lower band support! Maintain the high short position unchanged for the future!
Short Bitcoin around 89500-90300, looking down at 87300-86500; if it breaks below, continue looking down to 85000.
Short Ethereum around 2990-3030, looking down at 2910-2780$BTC
