In the afternoon, the Bitcoin market started to move downward from the 96616 line. The price fluctuations did not fall all at once, but after a period of fluctuations, the lowest point fell to the 94672 low point line. The trend of Ethereum is completely opposite to that of Bitcoin. Starting from the low point of 3306, it gradually climbed up and pulled up to the high point of 3376 in the afternoon.

Analyzing from the 4-hour structure chart, the K line has experienced a period of consolidation at a high level, but unfortunately it failed to successfully break out of the continued upward trend. Subsequently, the market showed an extreme trend of pin insertion, followed by a sharp drop. The price fell sharply, and the short-selling force dominated. However, the price has now reached the support area below, and there are signs of stopping the decline. Based on this, in the evening trading, the main idea of ​​​​bullishness is still maintained, with long positions as the main focus.

Bitcoin: Can be around 94500, short-term target 98000

Ethereum: Can be around 3310, short-term target 3450