Bitcoin experienced a strong one-sided upward trend during the day, with the price continuously rising from the morning low, briefly breaking the previous high and approaching around 94400 in the afternoon. After multiple confirmations of support during the day, the market showed strong bullish sentiment. We also timely indicated the opportunity to go long in the afternoon, successfully capturing upward space with short-term long positions.

However, there are now clear reversal signals on the current chart. The 1-hour MACD indicator has formed a high-level death cross, with both lines continuing to diverge downward. Additionally, the price quickly retraced after reaching 94400, and a short-term top structure is gradually forming. In the evening, it is important to observe the resistance strength in the 94000-94400 area. If the rebound is weak, it may be an opportunity to set up short positions based on this resistance zone. For short-term support, focus on the 92500-91500 range; a breakdown may further open up space for a correction. It is advised to primarily focus on short positions on rebounds, with strict stop-loss measures to control risk.

BTC94000 short, target down to 92500

ETH1820 short, target down to 1760