$BTC Weekly level Bitcoin's large bearish trend has descended to the 95000 line. Currently, the market is fluctuating and rebounding, with overall strength not being substantial. The weekly resistance level is at the 97000-98000 range. If it continues to decline, the 90000 mark may not hold; conversely, 100000 may still arrive. Ethereum's downward trend is relatively strong, having experienced a thousand-point drop in a week. Currently, it is in a fluctuating rebound, with the weekly resistance level at the 3450 line. The next downward target is the 3000 line;

On the daily level, Bitcoin continues its downward trend with consecutive bearish candles. The previously mentioned critical point for bulls and bears at the 96000 line has now been broken. According to the principle of support and resistance transitions, 96000 can now become a resistance level, with support below at the 92000-90000 range. Similarly, for Ethereum, the previously mentioned critical point for bulls and bears at the 3350 line has also been broken, which can now turn into a resistance level, with support below at the 3200-3000 range;

On the 4-hour level, Bitcoin currently sees resistance above at 96000-97000 and support below at 95000-94000. For Ethereum, the resistance above is at 3350-3380, with support below at 3250-3220. Overall, the market is experiencing a slight rebound after being oversold, and we will look for breakthroughs after consolidation. It is expected that further downward movements may occur, and the strategy should focus on short positions, with long positions as a supplement.