The intraday market continued the bearish trend. Bitcoin started its downward trend from the high point of 97242. Its trend was mainly weak and fluctuating, and it went down all the way, reaching the lowest point of 94672. So far, the price has been consolidating around 95000, and the market of Ethereum has shown a trend of first suppression and then rise. First, it pulled back from the high point of 3412 to 3307, and successfully bottomed out and rebounded at this position, and then rose to 3378.

From the daily level, Bitcoin closed with a big negative K line above 96000. The plunge last night exceeded expectations and directly broke through the watershed of this round of bulls, 99000. So far, the lowest has reached around 94500. As for the current situation, the upper pressure is in the range of 97000-97500, while the support is in the range of 94000-95000. From the 4-hour line level, it returns to the 95000 line again. At this time, the upper pressure is at 96000, and the lower support is 94500.

Bitcoin: Near 94500, short-term target is 97500

Ethereum: Near 3310, short-term target is 3450