Last night's initial jobless claims data came in unexpectedly, and Federal Reserve officials collectively showed hawkish signals, making a rate cut unlikely in the short term. The market's easing sentiment was immediately cooled down, putting overall pressure on crypto assets. Bitcoin plummeted from the high of 98,000 down to around 95,100, and Ethereum also couldn't escape, dropping to 3,280, essentially wiping out the previous rebound space before the US market opened.

From a macro perspective, the probability of the Federal Reserve maintaining interest rates in January is as high as 95%, which means liquidity is unlikely to improve in the short term, and the attractiveness of risk assets has also been discounted. On the technical side, things are quite interesting — Bitcoin's daily chart has shown a bearish candle for the first time today, the four-hour MACD has formed a death cross with increased volume, and the RSI is beginning to turn downward. This situation typically indicates a technical correction after a rebound, suggesting significant resistance overhead. The price has already retested the four-hour midline support, and although there is still some trading volume on the hourly chart, the momentum has clearly weakened.

Key levels to watch: short-term resistance for Bitcoin is at 96,300 and 97,000, with support at 94,800. If this support is broken, the next target will likely be in the 94,000 to 93,000 range. For Ethereum, recent support is at 3,270; if broken, it will test 3,200 to 3,150, while resistance is between 3,370 and 3,400.

As for trading advice, it's not a good time to chase longs now. The best approach is to be patient — either wait for a rebound to be rejected at resistance levels or monitor key support levels before taking action. Don't forget, there are Federal Reserve officials speaking tonight, which often directly influence market sentiment. Position sizes should be carefully controlled.