From a long-term perspective, the current up-and-down fluctuations are merely a small pause before the emergence of a strong upward trend in the future.

However, the intense volatility in this market is primarily due to the lack of expectations for long-term investment advice, with too much emphasis on short-term gains, leading to heavy trading or emotional trading.

BTC has fallen back into the previous fluctuation adjustment range, which only extends the adjustment time. It is expected to approach the daily MA20, and in the short term, it will oscillate up and down within the 1h channel.

Short-term resistance: 96000 - 97200; Short-term support: 91500 - 93000.

ETH has experienced intense fluctuations and liquidations in the 3520 - 3360 range in a short time. The market's main expectation for Ethereum's rebound has put pressure on its price, and it is anticipated that it will need to adjust for one 4h cycle before it can break out.

Short-term resistance: 3510 - 2550; Short-term support: 3350 - 33300.