After midnight, the price of Bitcoin unexpectedly fell below the 97000 mark, directly reaching the lowest point around 96100. As we mentioned earlier, since it has broken below 97000, there is no need to chase long positions. Currently, we just need to wait for stability around 96000, and then we can still catch a wave of longs at the bottom. The price is now around 96800.

From the analysis of the four-hour chart structure, the bearish momentum of Bitcoin is strengthening, forming a downward penetrating trend. We need to closely monitor the resistance area near 99200 above, while the KDJ indicator is currently diverging downwards, and the MACD indicator has also formed a death cross and is extending downwards. Below, we need to pay attention to the key support line of 96000, as this position is the focal point of contention between bulls and bears. If this support is effectively broken, the bearish forces may further expand; conversely, if the support holds, the market is expected to welcome a rebound. #BTC重返10万 $BTC $ETH

Morning Operation Suggestions

Bitcoin 96000-96300 line for longs, looking at 97500-98500 nearby.

Ethereum 3350-3370 line for longs, looking at 3420-3460 nearby.