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Bitcoin remains in a volatile correction, facing resistance around 88,000. Midnight trading around 87,000 is gathering momentum, and attention should be paid to bottoming signals. The probability of a rate hike in the daily timeframe is very high, market sentiment is bearish, and overall it is showing a weak technical adjustment.
On the daily chart, the price is under pressure from the lower band of the Bollinger Bands, which is moving downward; the four-hour Bollinger Bands are trending downward, with the K-line operating below the middle band, which acts as a key resistance level. The intraday strategy continues to favor short positions.
Bitcoin: Short near 88,000-88,800 after a rebound, targeting 86,000-85,000
Ethereum: Short near 2,980-3,030 after a rebound, targeting 2,880-2,800$BTC $ETH