Morning reminder to pay attention to the resistance zone near 94400 above for short positions. The market has expectedly come under pressure and retreated, with a continuous series of bearish candles on the 1-hour chart breaking below the 93,000 level, reaching a low of 92200. The chart shows signs of stagnation at high levels, with bears breaking below the short-term uptrend line, and the retracement exceeding 1%, confirming the judgment of increasing selling pressure at high levels. Currently, the rebound strength of the price is weak, and the overall structure is still in a correction cycle.

The current technical formation leans towards a bearish dominance, with the MACD double lines crossing downwards and continuing to diverge downwards, while the green momentum bars gradually expand, indicating short-term bearish momentum has not yet exhausted. The price rebound is constrained by the resistance area of 93500-94000. If the rebound fails to stabilize in this range, it will be regarded as a second short opportunity. Attention should be paid to the key support zone of 92,000-91,800 below, as a break below this level may accelerate the test of the psychological level of 90,000. In terms of operations, maintain a high short position strategy on rebounds, with intraday pressure around 93,800, avoiding blind shorting and waiting for signals of a weak rebound to intervene accordingly.

BTC93000-93500 short, target down to 91000

ETH1800 short, target down to 1740