Technical Analysis: Bitcoin: BTC

The current market is still in a critical support struggle phase, with bearish sentiment dominating. However, short positions have increased significantly, and both borrowing rates and long positions have dropped to low levels, indicating that there is support below. If there is a continued sharp decline, bears will find it difficult to gain more profits. From a weekly perspective, Bitcoin has experienced a three-week correction, and the market sentiment has once again been overtaken by bears.

The strength of short positions has reached 1.02 billion, while the strength of long positions is 2.9 billion, widening the gap in market sentiment. The 4-hour chart shows that last night Bitcoin briefly pierced the recent key support level of 92,000, and although it has currently rebounded, it still faces repeated testing of support.

Daily trading suggestion: Focus on the resistance level in the 93,350-94,000 range, and watch for support in the 92,000-91,500 range below.

Ethereum: ETH

Ethereum's performance remains stronger than Bitcoin, but it has recently been dragged down by Bitcoin, causing a price pullback.

The 4-hour chart shows that ETH has formed multiple bottoms around 3,300, and the lower boundary is clear, indicating this position is a key support level.

The market is currently testing the 3,300 support; if it breaks, it could potentially fall to around 3,100. The 300-point level remains the dividing line between bulls and bears; if it breaks, a two-week adjustment may follow.

Daily trading suggestion: Monitor the support near 3,300; if it breaks downward, consider focusing on 3,100; for resistance above, pay attention to the 3,400-3,440 range.#币安Alpha公布第9批项目 #币安MegadropSOLV #BTC挖矿难度创新高 #SUI、OP大额解锁 #币安LaunchpoolBIO预测

I am bearish; if you are currently unsure how to position, feel free to reach out to me for discussion!