In the early morning, the news and market sentiment led to a fluctuating downward trend. Bitcoin once again fell below the support level of 98,000 and then began to rebound for correction. Currently, the daily K-line has three consecutive bearish candles, and the indicators MACD and KDJ are showing a downward trend with increasing volume below the waterline. The MA daily moving average and BOLL bands indicate an overall trend of divergence. Additionally, the price highs are continuously declining, and the bearish sentiment is strong. However, the current indicators are severely overbought, and there is a gap of 3,000-4,000 between the price and the MA 5-day moving average. It is expected that Bitcoin will experience a rebound to correct the oversold conditions and fill the gap before facing pressure to decline again. The current resistance at the high point is referenced at the 100,500-102,000 range. The low point support at 98,000 is crucial for this week's lifeline; if it cannot be effectively broken, a consolidation and adjustment are expected by the weekend. If the bears exert force again today or in the early morning and break below the 98,000 support, Bitcoin will continue to test the previous key point of 91,500.

On the 4-hour chart, the current price is near the lower Bollinger band, with all indicators showing a bearish downward trend, leading to severe overselling. The TD indicator has reached TD5, and the MA 5-day moving average continues to suppress the price, making the rebound weak. Combined with the hourly chart, Bitcoin is leaning towards a fluctuating retracement trend. If the bearish volume follows through, the price is very likely to test the 91,500 support again.

Trading Strategy: Bitcoin: Buy in batches at 98,500-99,500 with a target of 96,500-94,000 and a stop loss moved up by 500 points.

The reference for long positions is at the 94,000-93,000 range.

Ethereum's short-term trend is basically in sync with Bitcoin, but its overall resilience is not as strong as Bitcoin's. The current resistance for Ethereum is referenced at the 3,250-3,310 range. The low point support is at 3,052-2,873. For intraday trading, it aligns with Bitcoin, so my personal view is to focus on selling high and buying low.

Trading Strategy: Buy in batches at 3,200-3,250 with a target of 3,120-3,000 and a stop loss at 3,275.

The reference for long positions is at the 3,000-2,950 range.
This current trend is expected to be sufficient, and I will continue to follow up.
Personal views are for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market.

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