#ETH Yesterday's market trend rebounded as expected. Bitcoin experienced a surge in bullish volume during the US stock market opening phase. The market's second rebound recovered to around 89,000 but faced resistance and pulled back. The relative price comparison still cannot stabilize at the corresponding high levels, and the market is expected to see some retracement. The lowest support was around 87,800 before stopping the decline. Overall, the market remains in a consolidation range, with the lows moving higher but no clear breakout signals yet. Ethereum, in line with our consistent outlook, continues to oscillate in the 2900-3000 range. After a quick rebound past the 3000 threshold, it also retraced rapidly, with the price still pulling back and leaving about 50 points of space. Yesterday's short-term short positions taken at high levels were also closed as expected. The subsequent market still depends on the key triangle breakout.

From the current chart, Bitcoin's daily chart has, for the first time in nearly half a month, closed above the mid-line resistance and is now trading between the upper and middle bands. However, the intraday volatility is small, maintaining a consolidation structure. The Bollinger Bands are tightening further. In the short term, if there is no further bullish volume breakthrough from the current resistance pattern, the market still has the potential for increased volume to form a bottom in a larger cycle, so short-term high-level short positions remain favorable. Looking at the four-hour chart, although yesterday's rebound did not show a dramatic breakout like the previous day, the continued decline in the high points indicates insufficient buying power. Overall, after breaking the previous triangle range, the market is now oscillating at the top of the triangle. There is still a possibility of a retest, but given the current consolidation range, operating around this short-term range is more appropriate. Additionally, the monthly chart is approaching the final phase, with the price hovering around the mid-line, suggesting that recent volatility should not be too large. Strategically, it is more reasonable to continue shorting at high levels.

Bitcoin can be shorted between 88500-89000, with a target around 87000. Ethereum can be shorted between 2980-3000, with a target around 2930.