Technical Analysis: Bitcoin (BTC)

Daily Timeframe

The day before yesterday, Bitcoin experienced a significant drop. Yesterday, we predicted that there would likely be two more bearish candles in the future. Now, with the daily chart showing a third bearish candle, the overall downward trend remains strong. From the support levels below, the range of 92 - 90 may form strong resistance, with the ultimate defense estimated around 88000 points.

4-Hour Timeframe

After a sharp decline, Bitcoin has entered a phase of slow decline. Currently, although multiple tests around the 93500 point are likely to trigger a rebound, the momentum of the rebound is quite weak.

## Intraday Trading Guidance

Focus on the support range of 93000 - 92000 to look for rebound opportunities; the resistance range above is locked at 95000 - 96000.

Technical Analysis: Ethereum (ETH)

Daily Timeframe

Ethereum's trend shows three consecutive bearish candles. In the early hours, the price plummeted to around 3200 points, just touching the 90-day moving average, before quickly starting to rebound.

4-Hour Timeframe

First, there was a rapid decline, followed by a slow downward channel, and then another larger drop occurred, touching a temporary low before quickly bouncing back. It is estimated that there will likely be a small-scale second bottom test afterwards, but the rebound strength may be limited, making it difficult for the overall downward trend to change in the short term.

Short-term Rebound Target Estimate

The short-term rebound is expected to reach the area of 3420 - 3460.

Intraday Trading Guidance

Closely monitor the support in the range of 3280 - 3240 below; once touched, it may be worth attempting a rebound trade; the resistance range above is focused on 3380 - 3420.

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