#比特币对比代币化黄金 The weekend is here again, and the market hasn’t taken a break either. Last night’s drop looked pretty scary, and after midnight the selling continued—BTC dipped as low as around 87,900, and ETH reached the 2,980 level. However, after the drop, there was a rebound, which is actually a pretty normal corrective move.

The downward channel has already opened up, no doubt about that. Once this weekend’s correction is over, the next direction will pretty much be set.

From a technical perspective, looking at the 4-hour chart: The price is now grinding along the lower Bollinger Band, with bulls and bears locked in a tug of war at this level, both testing whether the bottom can hold. That previous sharp dip has already broken the trend, with the middle and lower Bollinger Bands obviously under pressure and heading down. The MACD bearish crossover is still widening—bearish sentiment is quite strong.

Looking at the 1-hour chart: Currently running below the middle Bollinger Band, the short-term rebound momentum is basically exhausted. The middle band is showing resistance again, and bears are likely to make another push.

Here’s a reference for trading: Consider shorting BTC in the 89,700–90,000 range, targeting 88,500; for ETH, short in the 3,050–3,080 range, targeting 2,980. Of course, set strict stop-losses, as the market can change in an instant.

$BTC