Yesterday's trading session was full of ups and downs. Bitcoin dropped to 87,787 in the morning before rebounding, briefly surged above 90,088 at midday, but then faced resistance and pulled back, hitting a bottom of around 88,109 in the evening. Ethereum's performance was similar — rebounding from a low of 2,910 in the morning to 3,001 at midday, then falling into a downward trend again, with the lowest point near 2,900 by the close.

From a technical perspective, the four-hour chart has established a strong bearish trend. Although bulls occasionally attempt to rally, these rebounds lack strength, and the bears' dominance remains formidable. The overall rhythm is entirely dictated by the bears. Moving to the one-hour chart, you can see the price descending in a stepwise manner, finally stabilizing near the lower Bollinger Band and bouncing back. Currently, a large bullish candle has pushed above the lower band of the Bollinger Bands, indicating some improvement, but the problem is that the sell-off at the upper band is quite fierce. Although bulls temporarily increased volume, they failed to achieve a true breakout.

In the context of a generally weak market, this short-term rally cannot change the overall trend. The suggested trading strategy is to focus on shorting after rebounds.

Bitcoin: Consider short positions in the 90,000-90,500 range, targeting around 88,500.

Ethereum: Consider short positions in the 3,000-3,020 range, targeting around 2,900.

The Federal Reserve's policy direction and geopolitical factors (such as tariff policies) will continue to have a profound impact on the overall market. Investors should stay attentive to macroeconomic changes.