The callback has not yet ended, and the high altitude needs to continue!

Bitcoin fell to a low of 92961 this morning before rebounding. It is currently under pressure from the middle band on the hourly chart, with the highest rebound only reaching 94240 before pulling back. At present, it is oscillating around 93200 for adjustment. The main strategy for the day is to continue shorting, paying attention to the support at the previous low of 92200, and then at 90200. It is better not to chase longs for now; instead, wait for a rebound to test resistance before going short!

The three bands of the Bollinger Bands on the hourly chart are running downwards, and the price is under pressure from the middle band, which is testing the support of the lower band. The four-hour Bollinger Bands are also running downwards, with the price being pressured by the middle band and gradually moving lower. Since the 20th, the daily candle has been under pressure from the middle band, retracing downwards. Both the middle and lower bands are extending downwards. Currently, the bearish momentum is strong, and there are no signs of volume contraction to indicate a stop in the decline, so the focus remains on shorting!

For Bitcoin, the rebound levels are 94000 and 95000 for shorts, with targets looking down at 92200 and 90200; if broken, the next target is 89500.

Ethereum is currently oscillating around 3400 for adjustment. When Bitcoin is consolidating, Ethereum tends to take the opportunity for a rebound, so be cautious with aggressive shorts. The levels for shorts are at 3440 and 3490, with targets looking down at 3350 and 3300.