The current market trend is not optimistic. Yesterday, the fluctuation range was still significant, with the Bollinger Bands in a relatively stable state on the daily chart. The current market price fluctuates above the middle band, with the KDJ three lines crossing downwards at a high position, and the MACD dual lines crossing downwards. The trading volume has also increased. Yesterday, it nearly hit the middle band, stopping the decline and rebounding. Therefore, during the day, pay attention to the pressure on the middle band; if it breaks, the intensity will be significantly amplified. These signals are all indicating that the short-term market may tend to be weak.

In the 4-hour chart, we can see that the Bollinger Bands are also leaning towards a downward fluctuation, with the coin price active between the upper and lower bands. The KDJ three lines are overall inclined towards a downward fluctuation, but there are currently signs of a turn. The MACD death cross continues to expand. In summary, the bearish forces currently hold the advantage.

In the short term, the coin price has crossed the middle band resistance from the lower band on the hourly chart and is currently rebounding at the hourly level. It is possible to touch the upper band range here, with the upper pressure at 96600 confirming the main resistance level for the 4-hour rebound. If it breaks, it will move towards 97500; thus, touching this position will likely lead to a pullback. Taking a pullback profit of 600/10000 points.

The white bowl suggests to layout short positions at 96600/97000, aiming for 95000/94200.