Hello traders, continuing to share market observations. Based on last night's price action, Bitcoin faced strong resistance around 8770, while Ethereum repeatedly encountered obstacles at 2980. The market remained consolidating at high levels throughout the night, with resistance levels never broken.

Currently, the market environment lacks obvious short-term bullish signals, with interest rate policies becoming the main bearish pressure. The bearish outlook initiated on the 11th continues to this day, and we maintain this judgment.

**Bitcoin Market Observation:**

The key level to watch is the 87000 mark. If this level is broken, the 4-hour rebound will be considered failed, and subsequent support levels at 85240, 83630, and 82170 should be closely monitored.

Conversely, if 87000 holds, the rebound trend may continue. Minor pullbacks are normal consolidations, and upward movement should pay attention to resistance zones at 88000, 89050, and 90000.

**Ethereum Market Observation:**

2935 is today’s support line. If broken, the 1-2 hour rebound will fail, with support levels at 2906, 2870, and 2820.

If 2935 holds, the short-term rebound pattern can continue, and focus should remain on resistance levels above.