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The recent market trend indeed continues the previous correction pattern. Bitcoin continues to test downward today, breaking the 91,000 level, and it seems that the tug-of-war will intensify further.
From the four-hour chart, after the price broke below the midline, it formed four consecutive bearish candles testing downward. The lower shadows are quite long, but it still hasn't found strong support below 91,000. The MACD remains in a bearish dominance, and the Bollinger Bands show signs of widening. This indicates that if this support level is broken again, the price may continue to decline further.
Looking at the one-hour chart, although the price rebounded around 90,000, this rebound is actually a correction, with the price oscillating around 90,000. The previous upward momentum has basically been absorbed by this downward move. The one-hour MACD histogram continues to weaken, so in the short term, this support level is unlikely to break.
Therefore, the recent strategy is to consider rebound trading with caution for short positions. You might consider shorting around 91,200 with a stop-loss at 90,000; for Ethereum, short around 3,150 with a stop-loss at 3,000. The rebound strength at these levels is limited, making the risk relatively more controllable.