Bitcoin recently pulled back after a spike, and from a technical perspective, the rebound trend still primarily reflects a bearish outlook. The evolution of key levels has well demonstrated the expected price trajectory.

From Bitcoin's perspective, the current phase continues to follow the logic of rebounding and shorting. Specifically, the 89,500-89,000 range is a good entry point for short positions, with subsequent focus on the performance of the three support levels at 86,000, 85,000, and 83,000. Each price level is worth noting because they reflect technical needs across different timeframes.

Ethereum also exhibits a similar rhythm. The 3,000-2,970 range can be considered for shorting, with key attention to the levels at 2,900, 2,850, and 2,800 below. Technical indicators suggest that there is still potential for the bears to push prices lower.