The weekend overall showed a horizontal consolidation adjustment. The Bitcoin price rebounded to around 89000 before facing resistance and falling back, with a lowest point around 87500 where it stopped declining. The price comparison remains in the current oscillating structure, continuing to correct its shape. Currently, we still need to pay attention to the upper pressure situation to determine the future trading strategy. Overall, during the weekend, our strategy of looking for high shorts and low longs with a focus on the 89000 resistance has once again been realized.

From the current market perspective, after experiencing a strong downward trend in the daily chart, the market has shown a rebound with three consecutive positive candles, recovering some lost ground. However, the price continues to be under pressure below the middle band of the Bollinger Bands, with a significant high-to-low reversal trend. The overall downward trend has not yet seen a substantial reversal, and for the market to break the upper resistance and shift to a bullish trend, attention must still be paid to the substantial breaking situation of the middle band. In the smaller timeframe of 4 hours, after testing the support of the middle band of the Bollinger Bands, the market has initiated a minor positive rebound. Nevertheless, the price remains constrained within the middle and upper band area of the Bollinger Bands, and during the recent upward process, multiple long upper shadows combined with bearish candles have been recorded, indicating a stagnation in the upward trend. The bullish momentum is gradually weakening, and the short-term upper pressure levels have a relatively significant restraining effect. As the closing approaches, the price will further consolidate at the top of the fluctuation range, reaching the top of the downward channel, and no breaking situation has yet occurred. In the early session, we plan to enter high positions from the top of the fluctuation.

The big coin can be shorted in the range of 89500-89000, looking towards around 87000. The auntie can be shorted in the range of 3020-3050, looking towards around 2950. #BTC