Yesterday at midnight, Bitcoin's price remained within a narrow range with no significant breakout. After dipping to a low of $88,465 in the evening, it stabilized and rebounded, reaching a high of $89,908 at midnight, then faced resistance and fell again. Ethereum's trend was similar to Bitcoin's; after dropping to a low of $2,904 in the evening, it began a corrective rebound, rising to $2,971 before losing momentum and entering a consolidation phase.

Market Analysis
On the daily chart, after a series of consecutive bearish candles, a slight rebound and correction occurred. However, the continuation of the rebound was somewhat weak, and after the price warmed up, it faced selling pressure again. Regarding technical indicators, the MACD histogram continued to expand below the zero line, with both lines maintaining a bearish crossover and diverging downward, indicating that market sentiment remains weak, and the overall trend is still dominated by the bears.

On the four-hour chart, the price consistently oscillated above and below the middle band of the Bollinger Bands, showing alternating bullish and bearish movements. Although the price attempted to approach the middle band, the selling pressure from the band itself effectively restrained bullish momentum, making a significant breakout difficult. Meanwhile, the three lines of the KDJ indicator gradually turned downward, suggesting that resistance overhead remains heavy in the short term.

Summary
Overall, after a brief correction, the bearish forces regained dominance, and selling pressure above remains evident. The morning trading strategy is to maintain a "rebound shorting" approach, focusing on resistance levels above.

Early personal views:
Ice Sugar Orange
Short around 89800-90400, watch: around 88700-87900

Er Gouzi:
Short around 2970-3000, watch: around 2920-2880