Bitcoin hit a low of 94,200 in the early morning and rebounded over 4,000 points. It is currently in a correction phase, and it is recommended to set up short positions below 98,500 in the evening.

From a technical structure perspective, the broad range pattern remains unchanged. Previous fluctuations in price have shown a false trend reversal, appearing to be unilateral when in fact it is not. Short-term trading is characterized by a back-and-forth tug-of-war. Bitcoin has fallen below the 20 EMA moving average; if it can strongly rebound at this support level, it is expected to return to previous highs. Conversely, the 90,000 mark may be at risk of being breached, requiring close attention to subsequent trends.

Operational Strategy

BTC rebound near 98,500 - 99,000, target down to 97,300 - 96,800. If 96,800 holds, consider reversing to a short long position.

ETH rebound near 3,800 - 3,870, target down to 3,680 - 3,650.