#美联储回购协议计划 From the four-hour chart, Bitcoin has experienced a pullback after breaking through the middle band, following two consecutive bullish candles. It is currently in a state of indecision within a symmetrical triangle consolidation. The price repeatedly oscillates within this triangle range. Unless there is positive news to stimulate a breakout, the medium-term downtrend is unlikely to change.

Switching to the hourly chart, the situation appears even more awkward. Bitcoin surged sharply earlier, but a subsequent medium-length bearish candle gave back most of the gains, bringing the price back near the middle band. Although the middle band support has not been completely broken, both the KDJ indicator and the MACD histogram are signaling pressure — the former shows overbought conditions easing, while the latter shifts from positive to negative. These signals suggest that breaking below the middle band is only a matter of time. In the short term, caution is advised against further downward risk.

**Trading Ideas**

Bitcoin: Short at high levels within the 88200 to 88700 range, targeting 86200 to 86700.

Ethereum: Establish short positions between 2950 and 2980, with a target around 2850.

The key is to wait for a rebound before taking action; avoid blindly catching the bottom.