Afternoon Market Observation: BTC Still Falling

$BTC's daily chart continues to show a downward trend. On the 4-hour chart, the rebound lacks strength, basically a weak rally. The moving averages above are pressing down firmly, and the key resistance levels are still in place. The MACD indicator's bearish momentum is still being released continuously. In simple terms, the overall pattern has not changed; bears still hold the advantage. The current rebound is just a weak correction, so don't be fooled by short-term small gains.

From a trading perspective, it's still important to adhere to a bearish mindset. During short-term rebounds and upward pushes, consider shorting along the downtrend. Don't be distracted by minor oscillations in the middle; follow the main downward trend.

Specific trading data: Consider shorting in the 90000–89700 range, with targets at 88600 and 88000.

$ETH and $FIS will be analyzed in more detail in the next couple of days.