$BTC
Since Bitcoin dropped to the 92260 line, it has bounced back up to the 99550 line. Currently, it is maintaining a range-bound consolidation trend. Although the bulls have made attempts, the rebound strength is insufficient, and there is strong resistance above. The market is relatively weak, currently running at the 97250 line, and in the short term, there is still room for a pullback. The 4-hour chart shows a clear range-bound rhythm, with the price fluctuating around the upper, middle, and lower bands of the Bollinger Bands. We continue to treat the market as a consolidation phase. Despite the overall weak market performance, the key support level has not yet been broken, and there is still a possibility for further bullish sentiment.
Currently, Bitcoin's short-term resistance is at 98500, and support is at the 95000 line; Ethereum's resistance is at 3600, and support is at the 3200 line.