#美联储回购协议计划 short positions pressure arrives as expected, and the downward channel is gradually established. A brief upward attack occurred in the early session, and after Bitcoin touched around 89000, pressure emerged and it fell back, realizing the shorting strategy for the rebound previously suggested. Traders who have kept up with the rhythm continue to hold their positions, while those who have not yet positioned themselves can follow the trend and choose the right moment to enter short positions.

The current market is descending as expected, with a stable overall downtrend pattern emerging, and a bearish sentiment has inevitably formed. Looking at the four-hour chart, there has been a continuous decline with bearish candles probing lower, and the short positions' strength is continuously being released. The MACD indicator shows a phenomenon of top divergence and the expansion of the dead cross, indicating strong continuity of the shorts. On the hourly level, the characteristics of the shorts are obvious, with a 5 consecutive bearish candles running pattern corresponding to the Bollinger Bands' three lines moving down together, and the entire market is dominated by a bearish atmosphere. In the short term, attention should be paid to the breaking of the previous support level at 87000; if there is a breakthrough, we can continue to look towards 86500.

Bitcoin target price: 87000, if it breaks, look at 86500
Ethereum target price: 2900