Today's market trend is both expected and subtly changing. During midnight, the market experienced a brief rebound after a previous price rally, then fell back to the 85,000 range. This area is precisely the key zone we have been repeatedly emphasizing recently. The lowest point touched was 85,560, perfectly confirming our previous market trend predictions. This pullback after the rebound highlights the effectiveness of the resistance level above. We also mentioned at midnight that trading around the key resistance point could be a good strategy for subsequent short entries. Overall, our approach remains consistent. We placed a short position near 89,700 in the evening, and when the price dropped to around 87,000 during midnight, we successfully captured over 2,700 points and exited. Later, at around 87,000 again, we shorted, and when it fell to 85,700, we exited again, gaining another 1,300 points. Therefore, it’s crucial to have your own trading ideas and not be swayed by market noise.

Currently, the market shows a short-term pattern of rising and then falling back, with price action possibly entering a high-level consolidation phase. The market needs time to digest the volatility. In the short term, focus on the support level around 85,000. If the price significantly breaks below this level, consider shorting towards 83,000; if it fails to break through, support may be found at lower levels, leading to a rebound. The overall trend remains relatively clear, mainly characterized by weak oscillation and consolidation. The downward pattern remains intact, and a single rebound does not change the overall outlook. The biggest impact on intraday trading is that breaking new highs increases the difficulty of long positions, but it does not affect the strategy of shorting at high levels. The pressure from the middle band is also causing some oscillation and adjustment. This is even more evident on the four-hour chart, where multiple attempts to push higher were followed by pullbacks influenced by this level. In the short term, this acts as a dividing line for bullish positions, and maintaining a high-altitude short strategy remains valid.

Bitcoin can be shorted around 85,900-86,300, targeting around 84,000. The altcoin can be shorted around 2,950-2,980, targeting around 2,800.