Today's Market Analysis

From the daily chart perspective, Bitcoin (BTC) K-line shows a downward trend and has already filled the gap left by last Friday's plunge, successfully achieving a double bottom. Currently, the daily level needs to pay close attention to the key support level of 92,000 points.

Looking at the 4-hour chart, after experiencing a 4-wave decline, a door pattern has emerged, and there is currently a rebound near 92,500. If it can stabilize at this position today, Bitcoin's market may hope for a reversal. However, in terms of the overall trend on the 4-hour chart, it is still in a fluctuating downward trend.

In terms of intraday operations, we need to continuously pay attention to the support situation in the 92,500 - 91,500 range below, while focusing on the resistance level in the 96,500 - 97,500 range above.

Ethereum (ETH), as the leader among altcoins, shows a significantly stronger trend compared to Bitcoin.

The daily chart shows that the market has begun to build a bottom in recent days. Yesterday, the market fluctuated up and down, with fierce competition between the bulls and bears, and buy orders gradually entered. Today, Ethereum has risen strongly, recovering the losses of the past two days. However, the moving averages above the daily line are significantly suppressive, and a price pullback is a normal technical correction.

From the 4-hour chart, Ethereum spent most of yesterday oscillating in the 3,350 - 3,280 range. The breakout rise this morning is a positive signal, and the technical trend is starting to turn upwards.

In terms of intraday operations, pay close attention to the 3,350 - 3,300 level below; if support is found in this range, a rebound can be expected. Above, focus on the resistance situation at the 3,500 - 3,550 level.

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