Bitcoin has been fluctuating around $89,000 in recent days. Last night, it experienced a downward correction, failing to hold the early rally and dropping directly to around $87,700. It was then pulled back up to about $90,000, but each attempt to go higher was met with selling pressure. Currently, the market is focused on one question—can this level be maintained?

From a technical perspective, if it cannot rebound back into the $91,000-$92,800 range, the downside may continue. The strong support level is at $85,000.

On the daily chart, there are some interesting signals: the MACD has formed a death cross, but whales are still accumulating, so the reversal probability could reach 65%. The KDJ is also in a death cross, but the lower Bollinger Band still holds. The key level is $87,000; if broken, attention shifts to the $86,000-$85,000 zone. Resistance above is at $90,000.

In the short term, one could consider short positions near the $90,000 rebound area, targeting the $89,000 to $86,000 range.

For Ethereum, the $3,000 level has shifted from support to resistance. If it breaks below $2,900, a retest of $2,600 may be imminent. The trading strategy is similar: short near $3,000, with targets around $2,900-$2,800.