Looking at the daily chart, BTC continues to fall, reaching a low of around 89000, then rebounding to test the resistance level of 93500-94000, forming a Long Wick Candle. Since it has already closed below 94000, we will continue to regard this area as a short-term resistance level. The support can currently be referenced at the lowest closing point of 92000, and if it breaks down, we will look at the low point of 89000! The movement of Ether is slightly stronger than BTC, having made a second dip at the 3000 level without breaking the entity. After rebounding to test the upper resistance level of 3170, it encountered resistance and fell back. This area can also be seen as a short-term resistance level, with support temporarily referenced at 3000, and if it breaks down, we will look at the low point of 3950!

On the 4-hour chart, BTC is currently moving as previously mentioned, essentially experiencing a fall followed by sideways consolidation before a dip, continuing the bearish trend. The current range for sideways consolidation remains at 90000-92000-94000. Ether's rhythm is indeed a bit stronger than BTC, and the current consolidation range is referenced at 3200-3980!

Yesterday's analysis indicated that the current market is in a consolidation phase of a downward trend, so we continue to position high-level short positions. Although the market rebounded later, it is still operating within the range, and it successfully achieved the expected decline. The short positions that were continuously placed have yielded good results. Today, we continue with the short positions. In case of a strong rebound, BTC should be monitored at 94000-96000, and Ether should be watched at 3170-3230!

Operation idea:

Short BTC at 92000-92500, target 91000-90000, stop loss above 94500;

Short Ether 3090-3120, target 3000-2950, stop loss above 3180;
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