Bitcoin maintains a volatile pattern. After spiking to around 88,500 in the early morning, it accordingly retreated to around 86,800. The altcoin also weakens simultaneously. The previously planned short positions have been realized as expected!

From the current market situation, the four-hour chart shows a large bullish breakout above the middle band of the Bollinger Bands. After touching the upper band, the price quickly faces resistance, and the upper band suppression pattern is clear; although the previous low of 86,100 provided short-term support, the current rebound is nearing its end. Technical indicators continue to strengthen bearish signals. Once the price breaks below the middle Bollinger Band, it will further test the lower band support! The outlook remains bearish with a short position strategy.

For Bitcoin, short positions are recommended around 89,500-90,300, with targets at 87,300-86,500. A break below would suggest further declines toward 85,000.

For the altcoin, short positions are recommended around 2,990-3,030, with targets at 2,910-2,780.