Yifan's Market Analysis: Bitcoin and Ethereum Short-Term Fluctuations Lean Bearish, Technical Rebounds Suitable Only for Light Position Trading

Good weekend, everyone in the crypto community! After continuous declines on the Bitcoin daily chart, the K-line has narrowed in recent days showing signs of stopping the decline, but the bearish trend has not fundamentally reversed. On the hourly dimension, price is fluctuating around 90500, with long and short forces temporarily in a balanced state.

From technical structure analysis, the MACD indicator is releasing signals of a short-term rebound, however the bearish arrangement pattern still highlights upper pressure, meaning short-term rebounds are mostly technical corrections, with the mid-to-long term market still leaning bearish. Operationally, light positions can be used to capture rebound opportunities after the 90500 support level, with stop losses set below the fluctuation range to control risk; when the rebound encounters resistance and weakens, short positions can be established, remember never to blindly buy the dip.

Specific operation suggestions: Bitcoin can establish short positions in the 90800-91500 range, targeting 89800-88500 downside; Ethereum (secondary) can enter short positions in the 3100-3130 range, targeting 3070-3040 levels.