The market has already sent very clear signals.

This morning, Bitcoin encountered resistance at 88,349 and started to turn around, dropping all the way down to 86,671; during the same period, Ethereum's movement was almost identical, falling from the high of 2,987 in the early hours to 2,912 at noon. Both main cryptocurrencies weakened simultaneously at high levels, essentially indicating that funds are not willing to continue pouring money upward.

From a technical perspective, the bears have the advantage.

The 4-hour candlestick chart has formed three consecutive bearish candles, with the price close to the lower Bollinger Band, which is expanding downward. This is a sign that the bears are still exerting pressure, and the overall trend is not healthy. Although there are signs of a rebound on the 1-hour chart, they are mostly technical corrections after continuous declines, with insufficient strength to change the overall situation.

In one sentence: Without volume support, and no signs of structural improvement, blindly bottom-fishing in this market is just gambling.

The next trading logic is clear—short at the rebound levels.

Focus on the 87,500 to 88,000 range for Bitcoin. Once a rebound occurs and reaches this zone, consider short positions, with the first target around 85,000. For Ethereum, the key levels are 2,950 to 2,970; if it cannot break through, continue to look for downside, with a target below at 2,820.

This is not the time to hold onto bullish beliefs and stubbornly fight the trend. Follow the structure. Don’t chase dips or randomly catch rebounds; only act at levels with real pressure. The rhythm is more valuable than just betting on the right direction.