Review of Recent Bitcoin and Ethereum Price Movements from a Technical Perspective

**Bitcoin Price Review**

Over the weekend, Bitcoin rose from 90,800 and approached 94,800 before encountering resistance and pulling back. During the midnight session, the rally pushed to a new high again, facing resistance at 94,500, then rebounded from around 91,300. The entire process exhibited typical double-top characteristics, reflecting significant selling pressure above.

From a macro perspective, changes in the international situation and adjustments in the Federal Reserve's rate cut expectations have influenced market sentiment. The hype around a second rate cut has noticeably diminished, and the probability of subsequent cuts is also decreasing. This has led to cautious attitudes among institutions and large traders, with trading volume shrinking accordingly. The market has been oscillating within a wide range.

**Analysis Across Multiple Timeframes**

Monthly chart shows a series of consecutive bearish candles followed by a bullish candle, currently trading near the midline, indicating a generally weak trend. The weekly chart shows two consecutive bullish candles with decreasing volume, but resistance above remains strong, suggesting a higher likelihood of further downward movement. The daily chart shows bullish momentum increasing but being suppressed at the upper boundary, forming a bearish candle signal. The four-hour chart has already shifted to a bearish increasing phase, with a downward crossover. The hourly chart continues to trend downward with sustained bearishness.

**Key Price Levels**

Focus on whether the resistance around 95,000 can be broken and stabilized; an effective breakout here could change the short-term pattern. Support levels are around 84,000, with minor support on the daily chart at approximately 88,800.

**Trading Strategy**

Bitcoin: Consider going long on dips around 91,300-91,800, targeting the 93,000-95,000 zone.
Ethereum: Look to go long on dips around 3,180-3,200, with targets at 3,280, 3,300, and 3,350.