From the market perspective, Bitcoin failed to continue its upward trend after breaking through 89,000, instead pulling back for consolidation, indicating that selling pressure near this level still exists. However, support below remains clear, and the overall market is in a phase of accumulation of both bulls and bears, with the fluctuation range gradually narrowing. Structurally, the price is oscillating around the 88,000 level, with the short-term moving averages gradually converging and flattening, suggesting that the market is likely to continue consolidating in the short term. The smaller time frame charts show that the ongoing consolidation is gradually repairing technical indicators, with some short-term rebound momentum present. Currently, bulls and bears are in a dynamic balance, and the situation is expected to continue tugging, with insufficient conditions for a one-sided trend. Operationally, it is recommended to maintain a strategy of buying on dips after pullbacks, paying attention to position management and risk control.

Trading Suggestions:
Bitcoin: Watch for support around 88,000, consider scaling into long positions in batches, targeting around 90,000.
Ethereum: Watch for support around 2,920, and after stabilization, try light long positions, targeting around 3,200.