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The overnight trend and rhythm are basically consistent with previous judgments.
The structure of Bitcoin's rise and fall has been fully realized. After the US stock market opened, the price quickly surged to around 94400, but encountered resistance at a key pressure level, so I decisively positioned short orders around 94000. The market continued downward, with the lowest reaching 91200, fully releasing its space, and the overall rhythm was smooth.
This round of decline should be emphasized—it's a normal technical correction after a rally, not a trend weakening. Many people tend to see it as a reversal.
Ethereum followed the same downward movement, maintaining a consistent structure, and also captured plenty of space.
From the daily chart perspective, the coin price is still firmly above the midline, in a consolidation phase. There are still conditions to push higher later. A pullback is essentially preparing for the next rally, accumulating energy. Although the smaller cycles have been falling consecutively, they recovered quickly, moving solidly, with support levels becoming more and more solid.
**Next operation ideas:**
**Bitcoin**
- Gradually build long positions in the 93000-92400 range
- Target 94300-95000
**Ethereum**
- Gradually build long positions in the 3260-3200 range
- Target above 3310-3400
The key to rhythm is recognizing that this is not a reversal, just a bottoming process.