#2026年比特币行情展望 Morning Bitcoin and Ethereum Market Observation: Rebound Faces Resistance, Bearish Opportunities Emerge

Looking at the daily chart, the shape of an arc bottom is beginning to form. Five consecutive bullish candles have indeed boosted the bulls' confidence. But we need to stay calm — after the sharp surge the night before last, there was a quick pullback during midnight, clearly exposing the divergence between bulls and bears. The current market shows repeated tug-of-war, a typical sign of shakeout, with an astonishingly large amplitude.

The early rebound precisely hits the key level of 93500. This area has been tested multiple times and has become a solid barrier. Attempts to break above it have failed to stabilize. How heavy is the selling pressure above? The MA7 and MA30 have already formed a death cross downward, indicating short-term weakness. Another noticeable detail — during the rebound, trading volume actually shrank, and the divergence between price and volume is becoming more obvious, which shows that the upward momentum is seriously lacking. Plus, there are quite a few floating profit orders stacked at high levels. Any slight market movement can easily trigger profit-taking, further amplifying volatility.

In simple terms, this rebound is not the start of a new main upward wave, but rather a prime entry opportunity for bears. The influx of new funds has not yet been confirmed, and the market lacks sustained upward momentum. Under these circumstances, "stay calm and trade with the trend" is definitely more profitable than blindly chasing highs.

Trading Strategy:
• Bitcoin: Short in batches within the 93200-94000 range. The first targets are 92000 and 91500. If these levels are broken effectively, look further down to 90000. Place stop-loss above 94500.
• Ethereum: Look for opportunities to short around 3300, first target 3180, and if broken, extend to 3060. Stop-loss above 3080.