From the 4-hour chart, the price drop in the early morning has approached the bottom support level, with the key point at 91,500 confirmed once again.

After this, the market entered a consolidation range, with bulls eyeing the opportunity to launch a counterattack, gradually reclaiming previous losses. The current market is showing a pattern of bulls repairing the earlier trend.

Given that the Chinese market is under pressure but has not been broken through, it is highly likely that a strong counterattack from the bulls will occur in the early session. It is important to note not to be misled by the current level near the mid-track at 94,000. In terms of indicators, the KDJ indicator, after narrowing, is expected to form a recovery golden cross, which means there is still significant upside potential for the bulls.

Therefore, in the early session, we should maintain a low-long strategy,

For Bitcoin, it is recommended to go long around 91,500 - 92,000, with a target of 95,000, and a medium to long-term target of 98,000!

For Ethereum, it is recommended to go long around 3300 - 3320, with a target of 3500!