#大户持仓动态 $BTC Thursday Market Review and Outlook

Thursday’s market was truly tumultuous. Bitcoin, from a low of around 85,261 in the early morning, surged sharply to a high near 89,447 in the evening, with a gain of over 4,000 points. Ethereum’s performance followed suit, starting around 2,800 in the morning and reaching about 2,997 by the evening. This rebound appears quite strong, with five consecutive bullish candles pushing directly against the upper Bollinger Band.

However, things are not that simple. When the four-hour chart’s Bollinger Bands contract, the upward momentum for the bulls is compressed. A price pullback becomes almost inevitable. The one-hour chart provides further clarity—after a large bullish candle broke above the upper band, a slight retracement began, with the price gradually falling back below the upper Bollinger Band. The key indicators KDJ and RSI are both signaling a death cross and a downward turn. The market momentum is starting to shift.

From this perspective, the outlook becomes clearer: it’s more reasonable to consider shorting on rallies.

**Specific Recommendations:**

BTC can consider short positions around 88,500-89,000, targeting the 87,000-86,500 range.

ETH can consider short positions around 2,980-3,000, with targets near 2,850-2,800.

The market is always unpredictable, so position management and risk awareness are equally important.