Today's market is showing a narrow range of fluctuations throughout the day, with both bulls and bears caught in a stalemate, and the daily price movement is limited. However, the market generally anticipates that the two key pieces of news set to be announced tonight at 8:30 will act as a catalyst to break the current calm.

Based on a comprehensive analysis of technical indicators and market sentiment, the market trend is likely to exhibit a pattern of rising first and then falling. It is noteworthy that the upper level around 97800 will become an important resistance level; if it cannot be effectively broken through, the bearish forces may quickly gather, at which point a short-selling opportunity can be seized.

For investors with a lower risk appetite, it is recommended to place short orders near 97300 to lay out positions in advance. The lower level of 95500 serves as an important support level; if it is breached, the market will break the existing range and initiate a new downward trend. Meanwhile, 94000 is the current strong support baseline, and the evolution of the market should be continuously monitored. #加密市场反弹