Bitcoin, after two consecutive days of a head and shoulders pattern, finally started to weaken yesterday. Our previous judgment was mostly correct. Now that the trap has been completed and the price has entered a downward phase, attention should be shifted to those key support levels.

Honestly, there are voices everywhere in the market shouting for 100,000, but don’t forget a basic logic— the market represents the thoughts of the majority of retail investors, and the game rules for the big players are to complete their chip harvesting at these levels. Keep this in mind, and it won’t be easy to follow the herd.

**BTC Technical Analysis**

Yesterday’s resistance was around 97,500 but was not touched; the price started to fall back at about 97,000. Today’s short-term resistance is concentrated between 96,550 and 96,700. Looking downward, first watch whether the rebound can be seen at the 93,000 to 92,600 level. If further adjustment occurs, 91,000 is another support. The specific level of the retracement depends on the actual market reaction when the price reaches these points.

**SOL Movement**

Previously, it was mentioned that if the hourly candle closes below 143, caution is needed. Indeed, a rebound appeared around 141 last night. The trading idea today is straightforward: support is at 136.3, and short-term resistance is at 144.5. To form a decent rebound, a breakout of 146 on the hourly chart is a key signal.

**ETH Rhythm**

Ethereum retraced from the resistance at 3,376 yesterday, and I added to my short position at this level. The key point today is to observe whether the support around 3,208 will be broken on the hourly candle, and how the market actually performs once this level is reached. If the candle closes below, it directly points to the next support zone at 3,170 to 3,150.

**Overall Situation**

The market has completed the pattern and trap phase as expected, and is now officially entering a correction. We have managed the rhythm quite well, avoiding chasing the top. This wave of adjustment can be seen as preparing for a position build-up ahead of the upward trend in February, so there’s no need to be overly pessimistic. As long as the market maintains a narrow-range oscillation, don’t think about a collapse scenario—just keep observing how this rhythm develops.