Early Morning Thoughts:
The current market has fallen as expected, and the rebound strength is relatively weak. Given that the market has oscillated around this position multiple times recently, there is still a certain expectation for a rebound, although the expected range is not large.
From the daily chart perspective, Bitcoin and Ethereum have both broken below the MA7 moving average, at levels of 94000 and 1780 respectively. In the latter half of the night, it is important to observe whether it can push up again and stabilize at this key position. After the daily market peaked and retraced, it has broken below the daily low, showing an overall weakening trend.
From the four-hour and eight-hour perspective, the Bollinger Bands have started to contract significantly, indicating that the market's continuity is not strong. There is still an expectation for a rebound during the early morning period, with key resistance levels to pay attention to at 1800 and 95000. The market is expected to retreat after the rebound. Operations should closely monitor the breakthroughs and pressure situations at these key levels, and manage risks appropriately.
Bitcoin: Range 94300-94800, Target 92500
Ethereum: Range 1780-1800, Target 1730
