Weekend to today, the market has experienced a "stampede-like" decline. Bitcoin reached around 91,000 on Saturday and then continued to slide, dropping to around 86,000 in the early hours, with a daily decline of over 3%. The altcoin trend was even weaker, temporarily falling below the 2800 key psychological level. This widespread decline has led to increased market panic. This is also influenced by the massive outflow of spot ETF funds for Bitcoin, the influx of safe-haven funds into gold, and chain reactions from key technical level breakouts, among other pressures. Our low-position long setup given on Sunday also did not end well; under the market trend, we cannot remain unaffected. However, subsequent rapid responses in real trading proved fruitful, with a successful short position at midnight helping to recover losses. This incident highlights that blindly idealizing and stubbornly sticking to one's views makes progress in the market extremely difficult; adaptability is the best strategy.

Currently, the market's technical structure has clearly turned bearish. Bitcoin has effectively broken below the short-term upward trend line and previous consolidation platform at 89,000-90,000, which now becomes a strong resistance zone. The 4-hour moving average system is arranged in a bearish configuration, with prices under all major moving averages, dominated by bearish momentum. Key support levels below are at 84,000 to 86,000; if broken, the downside space could open further. The altcoin daily chart confirms a breakdown after falling below the 2900-3000 support zone, with Bollinger Bands opening downward, and short-term resistance shifting down to 2840-2860. Although both RSI indicators are in oversold territory, any rebound before clear bottom-volume signals or hourly chart divergence is considered a technical correction. Therefore, subsequent operations will still focus on short positions.

Bitcoin: Short at 87800-88300, target 86000

Altcoin: Short at 2880-2920, target 2780