#美联储回购协议计划 Bitcoin has been quite choppy these days, with the price hovering around 87,500 yuan. From the daily K-line chart, the rebound strength is clearly insufficient, and several attempts to break through 88,000 have failed to hold. The Bollinger Bands are opening downward, and the moving averages are also trending downward. The 90,000 line above has become a clear resistance level, and it is gradually slipping downward.

Switching to the 4-hour chart, after the price pulled back from the previous high, the upward momentum has indeed weakened significantly. The overall pattern looks more like a consolidation at a high level rather than a true reversal. The buying momentum is still relatively strong, and no breakout signals have been seen yet. The price is oscillating around the middle line of the range, with bulls and bears still engaged in fierce tug-of-war. On the 1-hour chart, the trend is even clearer—it's showing sideways movement, with recent lows not continuing to probe lower. The signs of bearish exhaustion are quite evident, and market sentiment appears to be recovering. As long as the key support holds, it is likely to test the resistance zone multiple times in the future, continuing this accumulation phase.

In terms of trading strategy, $BTC can consider short positions in the 87,500-88,000 range, targeting 86,500. $ETH can set up short positions in the 2,930-2,960 range, with a target of 2,850.