The midnight price briefly retreated to the 93000 line, with the intraday high yesterday at the 95700 line. The midnight strategy indicated to pay attention to the gains and losses around 93500. As expected, the market broke below this level, and the rebound strength from the bears has shown some continuation. The current market is also starting to test the support at 93000. The focus remains on the bottom support.

On the four-hour framework, the market's retreat to 93000 has not resulted in a rebound. Although there is certain pressure on the price to rise, the short-term trend has not changed. After retreating to 93000, the next strong resistance will be at the bottom of 92000, which the current market has not broken below, indicating that the bottom support is quite strong. Additionally, the KDJ indicator lines are converging and showing signs of a golden cross, suggesting that there is still some room for fluctuations. The current structure clearly indicates a downward trend. For operations, we will maintain a low bullish approach for now. In the short term, this morning we can consider the current support and resistance to operate high at low and low at high. #2025有哪些关键叙事？ #加密市场调整 #BTC上攻11万？ #GMT热度飙升 #加密ETF申请热潮涌现

Bitcoin around 93200-93500 long, looking at 95800

Ethereum around 3350-3380 long, looking at 3500