#ETH In the early morning US session, the overall market once again experienced a slight pullback test of the bottom structure. Bitcoin temporarily retreated to around 86,800 to halt its decline, then in the evening rebounded to around 88,200 before facing resistance and falling back. The overall relative strength remains within a consolidation range. Ethereum has experienced significant volatility recently, briefly retracing to around 2,900 to halt its decline, and continues to oscillate sideways. The overall movement is consistent with the strategy we discussed yesterday. During the early morning live session, we also reminded everyone to watch for short-term support at 87,000 for entering long positions, which yielded some gains. Going forward, focus on the breakout of the triangle range to distinguish between bullish and bearish trends.

Looking at the current market, the daily candle closed with a long upper shadow, continuing the downward trend after breaking the three-day streak of doji and bullish candles. Although there are signs of breakthrough resistance in the relative strength index, overall momentum still cannot stabilize at high levels and remains blocked by the middle band of the Bollinger Bands. The market remains weak and continues to oscillate. Combining the four-hour small cycle chart, after two large bearish candles yesterday, a correction occurred. The subsequent pullback has not broken below 87,000. The Bollinger Bands have widened and then stabilized again. Currently, the price has returned to the bottom of the triangle range and faces resistance, indicating a phase of oscillation between bulls and bears. In the short term, maintain a cautious long bias with low entry points.

Bitcoin can be bought around 86,500-87,000, targeting near 88,500. Ethereum can be bought around 2,900-2,930, targeting near 3,000.