Morning Strategy

Last night, Bitcoin dropped to a low of 94404 and Ethereum to a low of 3557, which was within expectations.

The news front is relatively calm. In terms of technical movements, Bitcoin's daily K-line shows a KDJ death cross and MACD continues to decline, with the 10-day moving average trending downwards. The 20-day moving average also shows signs of turning down. At this moment, one should be cautious as Bitcoin could experience a significant drop at any time.

The four-hour trend shows that the moving averages are converging downwards, creating pressure for a rise; KDJ is currently choosing a direction, and MACD continues to decline, so one should avoid blindly going long recently.

Ethereum's trend is similar to that of Bitcoin.

Resistance for Bitcoin is seen at 96500 and support at 94000.

Resistance for Ethereum is seen at 3700 and support at 3500.