A sharp decline is never the end, but an opportunity for chip reset; it marks the boundary between the impatient leaving and the steadfast entering. Looking back at yesterday's trend, Bitcoin retraced from the high of 95481 to around 91816, then rebounded to around 93300 for consolidation; Ethereum followed a similar pattern, retracing from the high of 3367 to around 3175, then rebounding to around 3220 for consolidation.

This morning's market experienced narrow fluctuations, with Bollinger Bands narrowing. The price repeatedly faced resistance below the upper band and the crossover zone of MA220/MA30, unable to break through. Currently, the market faces three technical warnings: First, although MACD shows a bullish crossover above the zero line with increasing volume, it diverges sharply from the price stagnation, while RSI is approaching 30 with a death cross, indicating weakening bullish momentum; Second, the key support levels are the low point from yesterday and the 4-hour MA120/MA500, and a break below these would directly open the downward space toward the MA450/MA180 crossover; Third, MACD has shown a second divergence below the zero line with increasing volume, a typical strong bearish signal, with KDJ and RSI weakening simultaneously, forming a bearish resonance. Overall, short-term market risk is significantly biased downward. It is recommended to mainly consider short positions on rallies, closely monitoring key support level breaks for confirmation.

Trading suggestions:
Bitcoin: Short around 93000, target 90000
Ethereum: Short around 3250, target 3000