Market Review and Future Highlights

Yesterday, it was mentioned that the market requires a phase of correction before a new rebound can begin. Based on the current trend, this logic is unfolding as expected. The previous short hedge positions around 97,000 in Bitcoin, along with the rolling bottom trend orders, are progressing as planned. The key is whether this support zone can hold, which will determine the strength of the subsequent rebound.

Bitcoin Technical Analysis

From the high of 98,000, the decline has not been too deep, with only about 3,000 points of retracement. The main support levels are expected to be in the 93,000-94,000 range. If a spike occurs, attention should also be paid to the lower defense zone of 92,000-93,000—this would be a relatively large retracement. However, the market has indeed touched the previously expected target zone of 96,000-100,000, making this correction normal. Once support is confirmed, the next step is to observe the strength of the rebound—whether it can successfully break through the 100,000 level is crucial.

Ethereum's Trend and Forecast

Ethereum is adjusting in sync, with a focus on the 3,200-3,260 support zone, while also guarding against the risk of a spike at 3,160. If support is established in this range and a rebound is initiated, the subsequent upward movement will be quite strong. Once the rebound starts, the next target can be set between 3,600 and 4,000.