#数字资产市场动态 $BTC Market Briefing at 1:23 AM: Technical Analysis of Bitcoin and Ethereum

The night session is dragging on, and on the four-hour chart, $BTC is still being pressed down by the middle band of the Bollinger Bands. Bulls and bears are testing each other, pushing and pulling, with the range gradually tightening — this is a typical time grind. Overall, the market shows little sign of improvement, sentiment remains subdued, rebounds are quickly sold off, and momentum is clearly lacking.

Looking at the one-hour chart makes it even clearer. The price has already dipped below the lower Bollinger Band, and the channel is now very tight, indicating that the volatility has been compressed to the limit. The short-term moving averages are aligned downward, showing that the bears still have control, and there are no signs of effective stabilization.

From a trading perspective, the market is in a consolidation phase, gradually showing signs of fatigue. Resistance above is growing stronger, while downward momentum is quietly accumulating. The next move depends on whether the downward testing can gather enough force.

**Trading Strategy**: Maintain a primarily short position stance, and consider shorting in batches near resistance zones during rebounds. Keep a close eye on support levels below; once broken by a new wave of momentum, be cautious. Risk management always comes first—don’t chase.

**Reference Levels**:
- $BTC around 89,800 can be shorted, targeting 88,000
- $ETH around 2,970 can be shorted, targeting 2,860

Market observation in progress...