#以太坊行情解读 [Market Review] Bitcoin, Ethereum: A short positions-dominated situation amid repeated fluctuations in the range.

From the 4-hour chart, the market has been stuck in a narrow range throughout the day, repeatedly grinding—this is a typical consumption-type oscillation. Whenever there is an attempt to break upwards, the support strength appears very weak, and there is a severe lack of buying momentum, making it difficult to break through the resistance above.

$BTC is currently showing a pattern of "weak rebound with strong suppression." It seems to be a rebound, but it is merely a self-repair of market sentiment and does not count as a signal for trend reversal. Bulls find it difficult to accumulate momentum in this structure, and each round of upward movement is easily seen by bears as an opportunity to establish short positions. The evening market rhythm is still in the hands of the bears, and the short selling strategy remains unchanged.

**Reference location**:
- Bitcoin: Enter short positions at the 90500-91000 range, targeting 88000 and 87000. If it continues to break down, then pay attention to 85000.
- Ethereum: Short positions in the 3070-3100 range, targeting 3000, 2950. If it drops below 2860, a reassessment is needed.

On the technical side, this wave of adjustment has not been fully sorted out yet. Continue to maintain patience and observation, waiting for a clearer direction confirmation before participating.