#Gate广场创作者新春激励 Looking back at midnight, Bitcoin's price moved within a narrow range. After peaking at around 90599 in the evening, it faced resistance and fell back. Following a low of 87205 at midnight, it stopped falling and rebounded. By early morning, the price had risen back to around 90427. Ethereum's midnight trend was synchronized with Bitcoin, declining from a high of 3026 in the evening, reaching a low of 2864 at midnight, then beginning to rebound. Near early morning, it recovered to around 3069.

From the current market analysis, on the daily chart, after experiencing six consecutive bearish days and reaching the lower Bollinger Band, the market stopped falling and rebounded. Although bullish momentum pushed prices slightly higher, compared to the previous sharp decline, the rebound strength is limited. Meanwhile, the MACD indicator on this level shows a death cross forming and continuing downward, with the histogram below zero and gradually increasing in volume. This indicates that the overall market pattern has shifted from strong to weak, and the current rebound is merely a routine technical correction.

Looking at the four-hour chart, after a brief rebound and correction, the market faced resistance and declined again. The middle band of the Bollinger Bands not only acts as a resistance zone but also continues to move downward steadily, indicating that the market has entered a weak phase that is unlikely to reverse in the short term. The bearish sentiment continues to spread and will likely dominate the subsequent trend.

Based on the above analysis, Yang Jie recommends maintaining a high short-term trading strategy in the morning.