The market today shows a weak fluctuating pattern. Bitcoin has continued to pull back after being blocked at the 95289 level this morning, with an intraday low reaching around 93547. Ethereum has also declined, encountering selling pressure after hitting an intraday high of 1857. The bearish outlook has re-emerged.

Recently, the Bitcoin market has shown a consolidating trend. The Bollinger Bands on the four-hour chart are continuously narrowing, indicating that market volatility is gradually converging. Currently, there is significant resistance forming around the upper band at approximately 95200 USD, and the candlestick patterns show heavy selling pressure above, with multiple unsuccessful attempts to break through. The hourly chart clearly reveals changes in short-term trends. The originally bullish moving average system has begun to flatten, with the 5-day and 10-day moving averages frequently crossing, while the 20-day moving average provides support around 93500. Trading volume has significantly decreased when prices rise, indicating insufficient willingness to chase higher prices. In terms of key support levels, 93000 is the lower boundary of the recent fluctuation range, and a valid break below could trigger a deeper pullback; while 91500 is a more important psychological level. The outlook remains predominantly bearish.

Bitcoin: Short at around 94500-94800, with a short-term target of 93000.

Ethereum: Short at around 1820-1835, with a short-term target of 1750.