From the perspective of the four-hour chart, Bitcoin is currently in a phase of testing the support strength of the 95000 line after experiencing a normal pullback support operation.
The support level is steadily moving upward, and if this position can hold steady without breaking, there is a chance for it to move higher next.
The short-term resistance level is mainly concentrated in the area between 96500 and 97500. The market tested both up and down in the evening, but no sustained trend was formed, and it has been oscillating overall.
Speaking of support levels, the key support level for Bitcoin right now is at 94100 (EMA90 trend line). If this position is effectively breached, it may have to test the 90000 barrier.
Additionally, the range from 3580 to 3550 is a critically important support level for Ethereum, which needs to be closely monitored.
In terms of resistance levels, in the short term, Bitcoin needs to pay attention to the area between 96500 and 97500, while Ethereum should refer to the range from 3650 to 3700. Although the market tested these levels in the evening, it failed to break through successfully.
