The market is always breathing, and every intense fluctuation is a dialogue between price and participants. A sharp decline may seem dangerous, but in fact, it is the moment when restless opinions are washed out and true value is revealed.

Where is the key to the current market? The overall bearish momentum has not been fully released, and with Bitcoin options expiration approaching, the bulls and bears are facing the most critical contradiction in the past two days. Looking at historical trends, such staged declines usually don't last too long—if by Friday the situation remains ambiguous, then a clear directional signal is likely to emerge by Monday. The risk warning is to be cautious of being swept out by a one-sided market.

Specifically, Bitcoin is fluctuating around 87,000, while Ethereum is stuck in the 2,920 range without breaking through. Last night, US stocks opened high and then declined, and the cryptocurrency prices followed suit, testing the lower boundary of the range. Interestingly, the 86,500 level held up and triggered a mild rebound. Short-term bullish momentum is gradually building up.

In terms of operations, during this early morning window, consider cautiously placing long positions at support levels, betting on this rebound. But be sure to strictly control your positions, set stop-loss lines, and never think of going all-in—markets are so sensitive that precise entry and exit are the prerequisites for survival.

The target strategy for Bitcoin is to short around 87,800 and aim for 85,000; for Ethereum, enter around 2,970 and look for a drop to 2,700.