Bitcoin and Ethereum continued to face pressure after pulling back from yesterday's highs, currently touching around 3110 and 90200 respectively. The recent decline has been quite significant, and our previously bullish short positions now have plenty of room to operate. The long positions that rebounded around 3140-3150 performed only moderately, with the highest reaching about 3180, indicating a clear lack of momentum in the rebound.

Now that the market has fallen into a consolidation zone, attention should be focused on the 3080 and 89000 levels—if these are broken, a new wave of decline could follow. From the daily chart, yesterday's large bearish candle broke below the 30-day moving average, but the closing price remains above the 120-day moving average, forming a typical high-level correction pattern during an upward trend. On the 2-hour chart, the MACD fast and slow lines are rapidly diverging below the zero line, with the green bars expanding, indicating short-term bearish momentum. However, on the daily MACD, the indicator is still above the zero line, and the long-term upward trend has not been broken.

Trading ideas based on this analysis: Bitcoin can be bought around 89500-90000 with targets near 91500-92500; Ethereum can be bought around 3090-3110 with targets near 3180-3230, with stop-losses set at 88800 and 3060 respectively. It is important to note that all analysis and suggestions are for reference only. Actual market conditions prevail, and trading involves risks. Enter positions cautiously.