Currently, the market is showing a V-shaped rebound, which is actually normal; many large downward single-direction markets are washed back and forth like this. The area around 93000 to 92000 is currently a dense trading zone.

As long as the market does not regain the 97500 area, the overall direction remains bearish. From the naked 4-hour chart perspective, the resistance zone above is around 972000, which is also a key area on the daily chart. In the short term, we should still focus on short positions.

Trading Suggestions:

Short Bitcoin at the rebound to around 96800, targeting near 94000.

Short Ethereum at the rebound to around 3380, targeting near 3250.