Recently, the Bitcoin market has entered a phase of oscillation and correction, with overall fluctuations limited to a confined range. Currently, the Bitcoin market is fluctuating narrowly between 96,000 and 98,000, although there has been a slight rebound compared to previous days, it has still not broken through the psychological barrier of 100,000 dollars. From a technical perspective, the one-hour chart of Bitcoin has formed a typical symmetrical triangle, with the upper and lower edges located at 100,200 dollars and 95,800 dollars, respectively. The trading volume continues to shrink, indicating an impending choice of direction. If it breaks upward, it is expected to open up a new round of upward space; if it breaks downward, the first target is seen at 94,100 dollars (Fibonacci 50% retracement level), and in extreme cases, it may test the psychological barrier of 90,000 dollars.

On the daily chart, Bitcoin is short around 96,800-67,400, looking at 94,000.

On the daily chart, Ethereum is short around 2,620-2,630, looking at 250,075,354,170,050,815,750,721,744,436,488,484,358,632,634,910,554,083,606,05.