On Thursday evening, after a weak downward trend and low-level adjustment, will the bearish trend continue?

During the day, after a round of upward movement in the early session, the price was pressured at the 100,000 level, leading to a bearish push downward, with the price continuously breaking through lower resistances, reaching a low of 95,100. Although there was a rebound afterward, the strength was weak, and the short-term still shows a bearish trend.

In the 4-hour chart, the bears are strongly pushing down, with two consecutive large bearish candles breaking the mid-level support, showing no signs of a turnaround. Currently, the moving averages and technical indicators are all in a bearish trend, but one should not excessively chase the short position. The focus should be on the support level around 95,000; if it breaks effectively, then continue to pay attention to the previous support around 92,000. If it does not break effectively, then consider going long in the support zone.

In the evening, Bitcoin is short around the 96,000-96,500 area, targeting 95,000. If it breaks, continue to look at 93,000. If it doesn't break, switch to a long position.

Ethereum is short around the 3,380-3,390 area, targeting 3,300-3,250.

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