#BTC资金流动性 This market movement is quite interesting—speculation about Yen rate hikes is just a smokescreen. The predicted downtrend only officially started at midnight, with Bitcoin surging to around 89,300 and Ethereum touching 3,017, both facing resistance and pulling back.

My short position strategy remains unchanged. I have shorted Bitcoin around the 88,000 level and entered a short position on Ethereum around 2,950. That’s how a bear market works—there’s no real trending move, just constant oscillation downward.

From the four-hour chart, the downtrend with consecutive bearish candles has been established, and the momentum from the previous rebound has been suppressed. The candlesticks show long upper shadows, indicating heavy selling pressure above. The price repeatedly tests the middle band of the Bollinger Bands, but each time gets pushed back, clearly indicating that the bearish correction is underway.

The hourly chart is even more exciting—bulls and bears are fighting fiercely around the middle band. Looking at the MACD, a bearish divergence pattern has basically formed, and the bearish momentum is gradually building. With multiple technical signals in place, the trading approach is clear: stay firmly bearish, position at key resistance levels, and wait for this oscillation to shift downward.

Current orders: $BTC Short in the 87,300-87,600 range, targeting 85,000; Ethereum short in the 2,980-3,000 range, targeting 2,800.