1.9 Midnight Discussion:

Bitcoin today broke below the last daily line barrier of 96400, entering the second wave of decline, accurately testing the first support level of 94500. Currently, this support has not been breached again, so it is crucial to monitor this support during the night. If this level holds, we will continue to look for a rebound with upper pressure at 96400 and 97200. Only if the daily line stabilizes at 97200 tomorrow morning will a reversal occur. If the 94500 support is breached again, the market will test lower at 93175 and 92044. If it approaches these two positions, watch for a small-level rebound, and if there is a rebound, long positions can be taken.

Ethereum dropped to around 3300 support in the afternoon, and small-level rebounds began. Tonight, focus on this support. If this support holds, we will continue to look for a rebound with upper pressure at 3406 and 3463. At the very least, the daily line needs to close above 3463 tomorrow morning for a reversal to form; otherwise, we will continue to look for a daily line-level pullback. If the 3300 support is breached again tonight, the market will continue to test lower at 3214 and 3104.