Friday Night Bitcoin and Ethereum Market Analysis and Trading Recommendations

The market's testing trend continues, with the early pressure levels currently in a repeated testing phase. In the afternoon, Bitcoin briefly surged to around 89,900, while Ethereum simultaneously climbed to a high of 3,068. Subsequently, the market again fell into a stalemate, with bullish rebound momentum encountering resistance, and the pressure pattern re-emerging.

From the four-hour chart analysis, prices continue to oscillate around the upper band of the Bollinger Bands. Although multiple attempts have been made to test the resistance levels above, the bullish rebound momentum remains lacking. The $90,000 level has formed a clear strong resistance pattern, with several rebound attempts failing to break through effectively. The bearish outlook can be firmly maintained. Switching to the hourly chart, the pressure signals are gradually strengthening, with the long upper shadows during short-term rebounds being particularly prominent. The downward correction trend has entered a phase of sustained effort.

Trading Recommendations:
Bitcoin can be shorted in the 89,500-90,000 range, with a target around 87,000;
Ethereum can be shorted in the 3,060-3,080 range, with a target around 2,950.