Morning Thoughts:

From the current market situation, the recent trend shows a pattern of fluctuating downward movement. Last night, the bears once again increased their position, causing the market to exhibit a downward trend. Currently, it is continuously testing the support position, although the bulls have recovered to some extent, the continuation strength is not strong. We still need to focus on whether the 94000 line can be broken.

From a four-hour perspective, the Bollinger Bands are opening downward and showing a tendency to continue extending; it is still within a downward channel.

Operational Suggestions:

Bitcoin rebound: around the 96000-96500 line, looking down to 94000; if broken, continue looking down to 93000.

Ethereum rebound: around the 3330-3380 line, looking down to 3200; if broken, continue looking down to 3100.