The evening market for Bitcoin (大饼) is still quite evident. After surging to around 94900, it began a process of pressure and decline, dropping to a low of around 91800, a decrease of 3000 points, which is still quite significant. When it touched the lower bound of the hourly chart, it welcomed a rebound as expected, and is currently hovering above 93000 again. The long positions we arranged in the afternoon were also exited immediately after the rise, successfully escaping the top; this is the charm of real-time market watching.

Bitcoin (大饼) showed clear pressure after reaching 94900, which is also a previous area of concentrated positions. From a daily chart perspective, it has been continuously declining from a high point, dropping to a low of around 74000. Subsequently, it formed a W-bottom pattern at the bottom and started to rebound. 95000 is clearly a resistance level in the recent period; once this position is broken, it could go up to around 99000. The current pullback can still be viewed as the bulls gathering strength. In the early morning, continue to treat it as a pullback for long positions, and remember to maintain good defense.

Bitcoin (大饼) at 93000, focus on 95000. Ethereum (以太) at 1770, focus on 1850.