4.23.BTC.ETH. Midnight Highlights

Currently, the 4-hour level shows a top consolidation pattern, with a key watershed at the 92500 level. If it fails to stabilize above this position, it may test the 92000 support area downwards in the short term; conversely, if it stabilizes, a small-level rebound may be triggered. It should be noted that the daily high of 94850 remains a critical boundary; until it is effectively broken, there is still a risk of a pullback.

Pay attention to the first line of defense at the 92000 key position during the night; if the 4-hour level breaks down, the subsequent levels to watch are 91000, 89600, and 88250. If the 1-hour level stabilizes above 93050, it can alleviate the pullback pressure; after breaking through, resistance levels to reference are 94100, 94900, and 96200.

During the night, pay attention to the short-term strength anchor at the 1775 key position; if it continues to be under pressure, it will test the 1740 support downwards. If it fails, it will accelerate the pullback below 1710. A reversal requires the 1-hour level to stabilize above 1770, with upper pressure areas to watch being 1805, 1835, and 1865 in these step resistance zones.