#比特币流动性 Today's early trading session sent a very clear signal.

$BTC faced resistance at 88349 and then declined steadily, reaching a low of 86671 in the afternoon; $ETH performed almost in sync, spiking to 2987 in the early morning but failing to hold, then retreating back to around 2912 in the afternoon. Both major cryptocurrencies were under pressure at high levels and weakened simultaneously, indicating that market funds simply do not want to continue pouring money upward.

From a structural perspective, the bears are clearly in the lead right now.

The 4-hour chart has shown three consecutive bearish candles, with the price close to the lower Bollinger Band, which is also beginning to expand downward. This is a sign that bearish momentum is being released, and the overall trend is not healthy. Although there was some rebound on the 1-hour chart, it was mostly just technical relief after a series of small candles, with insufficient strength to change the overall direction.

The core judgment is simple: the rebound lacks volume support, and the structure has not been properly repaired. Entering a bottom-fishing position now carries some risk.

The trading strategy remains the same—sell short on rebounds.

For $BTC, focus on whether the 87500 to 88000 range can hold. If a rebound occurs, consider shorting with the first target around 85000. For $ETH, watch whether the 2950 to 2970 zone can break through; if not, continue with the bearish approach, with support below around 2820.

The current market is not a stage for bullish conviction but one to follow the market structure. Don’t chase dips or rush to buy rebounds; only act at key resistance levels. Maintaining a steady rhythm is more important than guessing the correct direction.