In-depth Analysis of Today's Market

Bitcoin experienced a significant drop yesterday, directly falling below the previous ascending channel, and subsequently sliding down to the support area at the top of the prior box.

In terms of the current situation, there are two main potential trends that may emerge:

First, the price may break below the support level, leading to a liquidation of long positions, before returning to the interior of the ascending channel and launching an assault towards the target price of 100,000;

Second, the market may continue to revert back to the previous box range, exhibiting a consolidation trend, and the subsequent breakout or downward trend in this phase will largely depend on whether there will be any strongly stimulating information from the macro level and news front.

Overall, the general trend of Bitcoin remains in a bullish pattern, unless the price reaches the reversal area shown in the chart and breaks below that area, which would signal the end of the bullish trend.

As for Ethereum, after falling to the trendline support level yesterday, it showed a relatively strong rebound.

Currently, attention should be focused on the suppression effect created by the upper trendline, and investors can adopt a high short and low long operation strategy within this range.

If the price breaks below the trendline, then attention should be paid to the support situation around 3200.

The reversal area for Ethereum is located around 2800; once the price breaks below this area, it signifies the formal end of the bullish trend for Ethereum.