#ETH走势分析 Bitcoin and Ethereum Afternoon Market Update

Yesterday’s market was lukewarm. After touching 90,200 in the evening, it failed to hold, and this morning it dropped to a low of 88,800, fluctuating back and forth by 1,400 points. Now it’s hovering around 89,200 again. A quick reminder: this rebound is purely a technical correction, don’t mistake it for a reversal signal. The overall trend is still bearish.

A few technical details to note:

On the four-hour chart, the price is moving along the lower Bollinger Band, which continues to drop; MACD is weakening below the zero line, clearly indicating the bears are still in control. On the daily chart, three consecutive bearish candles have completely wiped out the previous rebound, and the downward momentum has picked up, with short-term rallies being suppressed.

Trading strategy reference:

Bitcoin: Consider shorting in the 89,800–90,300 range, with targets at 87,800–88,300.
Ethereum: Set up short positions around 3,070–3,100, with target range at 2,800–2,950.