After providing a continued bearish operation suggestion in the morning, Bitcoin has generally been consolidating within a range with a slight downward trend. The market has sharply declined from recent highs to fluctuate between approximately 82,000 and 85,000, with the lowest point reaching 81,000, hitting multi-month lows. Market sentiment has become cautious in the short term. Currently, the contract funding rates are low or even slightly negative, indicating weakened bullish momentum and converging risk appetite. Ethereum is also under pressure, trading around 2,700 with decreased trading volume and volatility, and insufficient short-term buying support. The BTC/ETH price fluctuates slightly but has not significantly deviated from the range. Overall, bulls find it difficult to sustain momentum at high levels, while bears are gaining dominance during the pullback.

From a technical perspective, Bitcoin has recently broken below key support levels. Attention should be paid to the 80,000 whole number as a critical support; a break below could further open the downside space. Resistance above is clearly seen in the 88,000-90,000 range. Ethereum’s short-term RSI is approaching neutral to weak, with support concentrated around 2,600 and resistance looking towards the 2,900-3,000 zone. The indicator combination shows the market is not in a strong overbought state, but the bearish trend still leads the market. Short-term bearish positioning is prioritized, and tonight’s operations will continue to focus on high short positions. Adjust strategies if there are clear positive developments in market sentiment and fundamentals. #加密市场回调 $BTC