The market did not experience significant fluctuations in the early morning, with the Bitcoin high only reaching around 93,600, which has already arrived at the short position reference range we provided at midnight. The rebound strength has also weakened. Currently, the overall breakthrough of the short-term oscillation range continues to attempt to retest the previous high.

From the current trend, the daily chart shows a small bullish 'Doji' candlestick followed by a 'Hanging Man'. The bulls are struggling to push higher, and the bears may be building momentum. The short-term trend shows signs of convergence, indicating that the possibility of a unilateral upward movement is low, and more likely it will oscillate around the current range. The four-hour chart shows a rebound after a dip, forming a relatively standard symmetrical triangle pattern, and is currently oscillating repeatedly near the midpoint of the range. The main direction is not yet fully clear, and the market has not escaped from the wide oscillation range.

Consider light short positions near 94,000 for Bitcoin, and 95,000 is a strong resistance level—do not chase if it breaks. Support is focused on the 91,600-92,000 range, and if there is a bounce back, consider trying to go long.

For Ethereum, consider shorting near 1,780, with support at around 1,720.