After the overnight US stock market opened, market sentiment warmed up, driving Bitcoin to surge rapidly, with the price once touching the 88,800 level. It then faced resistance and pulled back to around 87,000, oscillating within that range. Our previously deployed high-altitude strategy has accurately realized profits. During the early morning hours, the bulls and bears battled more intensely. After several rounds of tug-of-war, Bitcoin is now stabilizing around the 88,600 range.

From the current market situation, Bitcoin has rebounded steadily after retesting the 86,000 level. As the downward momentum gradually diminishes, the current price is operating within the middle band of the four-hour chart. However, the overall trend remains bearish. This rebound is merely a technical correction and not a reversal signal. After testing the resistance level during the day, the high-altitude short strategy can still be continued.

Trading suggestions:
Bitcoin rebounding near 89,100-89,900 to short, targeting 87,000-86,000.
Ethereum rebounding near 2,960-3,000 to short, targeting 2,880-2,800.