Thursday evening market analysis:

During the day, Bitcoin continued its decline to around 89,500 and then retraced to around 87,600. In the afternoon, it maintained a range-bound adjustment between 88,400 and 87,800.
Ethereum retraced from around 3,020 to 2,936 during the day, then in the afternoon, it rose to around 2,969 before retracing to around 2,940 with sideways movement.
Currently, on the four-hour chart, the head and shoulders pattern has formed, with a bearish candle closing, MACD gradually forming a death cross heading downward, and KDJ diverging downward. Support is expected around 87,000.
On the hourly chart, the bearish trend is gradually decreasing in volume, forming two consecutive bearish candles, with the trend gradually downward.
Thursday evening:
Market is short around 88,300-88,800, with a target of around 86,800-86,300.
Market is short around 2,965-2,985, with a target of around 2,900-2,875.