Bitcoin fluctuated in the range of 90,000–89,000 over the weekend, with overall volatility being relatively small. However, last night, the price faced significant downward pressure, breaking below the 88,000 level and briefly touching around 86,000 in the early morning. Subsequently, the price of Bitcoin rebounded and has now returned above 87,000 in the morning. Ethereum also showed weakness, consolidating around the 2,950 area over the weekend. After breaking below the 2,900 support level last night, it expanded its decline in the early morning, hitting a low near 2,780, before stopping the decline and rebounding, with the current price rising to around 2,870.

Macroeconomic Factors: Intensified Panic, Crypto Market Under Pressure

From a macro perspective, the geopolitical risks between the U.S. and Iran escalated over the weekend, exacerbating market panic. At the same time, the risk of a government shutdown in the U.S. has once again become a focal point, bringing more instability to the market. These combined factors have driven panic in the cryptocurrency market, leading to significant selling pressure, particularly reflected in the short-term downward trends of Bitcoin and Ethereum.

Technical Analysis: Clear Repair Demand for Bitcoin and Ethereum

From a technical standpoint, both Bitcoin and Ethereum's daily charts show that the lower Bollinger Band is widening, and the MACD indicator continues to display a bearish expansion state, indicating that there is still strong selling pressure in the market. The four-hour Bollinger Band had been narrowing, but it has now broken downwards, suggesting that the price volatility range may increase in the short term, further intensifying market uncertainty. However, the RSI on the hourly chart has entered the oversold zone and is starting to turn upwards, with the MACD showing a decrease in volume, indicating that the downward momentum in the market may weaken in the short term, and the demand for a rebound is increasing.

Therefore, the key focus for the day is the strength of the price rebound. Whether the rebound can find support and continue will determine the direction of the short-term trend.

Short-term Focus: Key Support and Resistance Levels

The short-term rebound for Bitcoin should pay attention to the pressure in the 88,000–89,000 area. If the Bitcoin price can reclaim this area, it may re-enter last week's consolidation range and test the 90,000 level again. If the price fails to break through this area, it may still face pressure in the short term, with further downside risks remaining. The support below is at 86,000; if this level is lost, the price may further test the 84,000 area.

For Ethereum, the short-term focus should be on the pressure in the 2,900–2,930 area, which is the lower boundary of the previous consolidation range. If the price rises to this area and breaks through, it may restore the upward trend. The support below is in the 2,800–2,700 area, which is also the low point from the decline last November and is currently viewed as strong support. If this support area is lost, the price may further test lower levels, potentially reaching 2,600 or even lower.

Currently, the cryptocurrency market faces significant uncertainty, with both Bitcoin and Ethereum in a weak consolidation pattern in the short term. Operations should focus on the performance of prices in key support and resistance areas, especially the support levels of 86,000 for Bitcoin and 2,800 for Ethereum. If these supports can stabilize effectively, a price rebound is expected; conversely, if the supports are lost, further downside risks should be monitored. It is highly likely that there will be a consolidation repair during the day, and special attention should be paid to the market performance in the evening session, especially as Trump's remarks may have a direct impact on market sentiment, leading to amplified price fluctuations.

This article is exclusively contributed by Jian Crypto (follow the official account: Jian Crypto) and represents personal views. Due to the timing of the article's release, the above views or suggestions may not be timely and are for reference only. For more real-time guidance, please contact me!

Market fluctuations are time-sensitive. Feel free to scan the QR code to follow the official account for daily market information and real-time communication.

Friendly Reminder: This article is solely owned by the Jian Crypto official account (as shown above). Any advertisements at the end of the article or in the comments section are unrelated to the author! Please be cautious in distinguishing authenticity. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。