The pressure between 94,000 and 96,000 has not been effectively broken through, becoming a recurring topic of discussion recently. We previously placed Bitcoin short positions in this area, and the target of 91,300 was reached as expected last night.

Ethereum performed well. Last night, it successfully supported the bulls again at the key dividing line between bulls and bears, which is not the first time this has happened. Since the rebound, it has repeatedly bought at key levels such as 2964, 3008, 3160 to 3180, and 3130 to 3140, with each entry being quite precise.

Regarding last night’s market fluctuations, many people paid attention to Nvidia’s announcement of investing in a Bitcoin mining company, which also caused a rally before the US stock market opened. However, it still failed to break through that pressure level. The support level was also not broken. The current situation still seems to require some time for adjustment.