Reviewing the morning market, the volatility was not too significant. The main focus was around the 88500 high point, with oscillations. Our early position of a short at the current price of 8450 successfully took profit near 86900, gaining over 500 points. Ethereum also followed suit, capturing over 30 points. Currently, the price ratio is around 86900.

Bitcoin is facing clear resistance in the 88000-88500 range. After a surge in the morning, it failed to stabilize, and the hourly chart shows signs of weakening upward momentum. Indicators such as RSI have fallen from overbought territory, MACD momentum has weakened, and trading volume has not effectively increased during the rebound, indicating that the bullish strength is waning. If the price continues to be blocked below 88500, it is expected to fall back to the support zones of 86500-85500. If this area is broken, it may further decline to around 85000-84000. Overall, there is a buildup of technical correction needs amid high-level stagnation.

#2025Gate年度账单 $BTC

Bitcoin strategy: Short in the 87500-87300 range, target 86000
Ethereum strategy: Short in the 2950-2970 range, target 2880