The afternoon market once again completed the cycle, with the price ratio rebounding to the resistance point around 950, and then retreating to the low point around 944. The pullback strength was not significant, followed by another rebound to near the 950 level. Ethereum followed the same trend as Bitcoin, showing a slow bullish squeeze pattern. This evening, we can observe whether the US stock market opening can bring significant movement.

Currently, after a series of upward candles on the daily chart, the bullish trend is weakening, with strong pressure above. The candlestick bodies have not formed an effective strong unilateral structure. Recently, the market has not provided strong movement for both bulls and bears, and the price ratio has been maintaining a range of movement within a thousand points. The current price ratio is oscillating and consolidating at a high level, and there may be a possibility of a trend change in the future. It needs to be closely monitored whether it continues to push higher or starts to pull back, focusing on the breakout of support and resistance levels, with the upper resistance at 96000 and the lower support at 93000. If there is a successful breakout and stabilization at this level, we can respond flexibly and follow the trend based on the actual pattern.

Bitcoin can be shorted at 955 this evening, targeting around 93500, while Ethereum can be shorted at 1830, targeting around 1750.