Looking at the latest market situation, BTC is currently stuck at the 88650 level. To be honest, it's a bit awkward.

**How to interpret this trend?** There is a clear resistance around 90400, with support at 86800. The current position is in the upper half of this range, essentially forming a box oscillation with a rebound correction. This stage can be very confusing; it looks like a good rally, and the price is above the MA7 and MA25, but the MA99 (87850) line is firmly held down.

In the KDJ indicator, the J value has already risen above 70, indicating that the short-term momentum is a bit overheated. Frankly, this position is not ideal for chasing longs. Instead of chasing high, it's better to wait for a pullback.

**What’s the safer approach?** I think a pullback is a good entry opportunity. If the price retraces to the 87800-88200 range, consider entering in batches to go long, with a stop loss below 86900, and target the 89800-90400 zone. Never chase above 88800, and avoid adding to short positions against the trend, as this is not a bearish trend yet.

**Let’s also look at ETH’s performance.** It’s actually much stronger than BTC. At the 2999 level, it didn’t break below 2950 during the pullback. The moving averages are showing a bullish alignment, and there are signs of capital inflow. This strength is completely different from BTC’s current confusion.