The current market has confirmed support at the bottom of the phase and has begun to rebound. During the weekend, it has shown a typical oscillating repair pattern. The four-hour level indicates that the price is currently operating in the upper half of the Bollinger Bands. Although there was a short-term rebound after a drop from the high, the overall structure has gradually shifted from weak to stable. The hourly chart has formed five consecutive bearish candles testing downwards, and after touching the lower band of the Bollinger Bands, a technical rebound occurred. This type of movement is a common consolidation pattern seen during weekends. After a round of slight fluctuations, the market often requires time for momentum accumulation and structural reconstruction before the direction becomes clearer.
In summary, it is still possible to place short positions along the upper edge of the oscillation range.
Trading suggestions:
Short Bitcoin around 90000, targeting below 89000
Short Ethereum around 3110, targeting near 3000
