Looking at today’s market, Bitcoin is stuck bouncing between 86,800 and 88,200. Last night’s rally was suppressed, and the rebound at 2 a.m. didn’t yield good results. Around noon, there was steady buying near 86,800 to stabilize the price. Starting from 1 p.m., the one-hour MACD formed a bullish crossover below zero, and the price is now running close to the one-hour EMA120 and EMA144, with 87,800 clearly facing resistance. Four consecutive bullish candles on the four-hour chart and the one-hour MACD fast line has crossed above zero. The key now is whether it can break through the 87,800-88,500 range, with strong resistance around 89,500-90,500.

Ethereum’s rhythm is faster than Bitcoin’s. The rally at 4 p.m. was triggered at the one-hour moving average convergence point around 2,950, soaring directly to 3,000. The upward momentum is clearly stronger than Bitcoin’s. After four hours of consolidation around 2,972-2,988, the one-hour MACD momentum is waning, but the four-hour MACD is just beginning to turn. The subsequent battle will likely revolve around the 3,000 level.

Honestly, I didn’t catch a good position during these sky-high longs; the market is just wasting time consolidating. The four-hour outlook is overall neutral to weak, so I need to adjust my approach at this stage. For now, treat it as a sideways market.

**Key Levels for Bitcoin**
Upper: 89,500, 89,500, 90,500
Lower: 87,200, 86,500

**Key Levels for Ethereum**
Upper: 3,000, 3,050
Lower: 2,930-2,950

Since the market is entangled like this, let’s take a longer-term view. Previously, I expected a downward decline or a deep correction, but after a week, it’s still consolidating. The strategy definitely needs adjustment. For now, trade within these ranges.

**Trading Suggestions**
Bitcoin: Long at 86,800, stop-loss at 86,350; or short at 88,500-88,800, add at 89,500, stop-loss at 90,250.
Ethereum: Already shorted at 2,950, added once at 3,000, now consider reducing positions, stop-loss at 3,030; or go long at 2,930, stop-loss at 2,885.

Following this approach, regardless of risk-reward ratio or win rate, the outlook favors a sideways correction dominated by bears.