This afternoon, after Bitcoin and Ethereum rebounded from their early morning lows, they entered a typical consolidation phase. The main characteristic of the market is that trading volume has not shown any significant increase, and both cryptocurrencies are still oscillating within the range formed by their previous highs and lows. Federal Reserve policy expectations and institutional fund movements are key factors determining whether they can break through.

Looking at Bitcoin, the support zone between 92,000 and 92,500 is relatively strong, while the resistance at 93,800 to 94,000 is quite evident. If trading volume continues to be insufficient in the afternoon, the market is likely to remain within this range, oscillating back and forth. For long positions, you can look for entry points at lows between 92,000 and 92,500, with a stop-loss set at 91,800 and a target of 93,800. For short positions, when encountering resistance at 93,800 to 94,000, you can go short, with a stop-loss at 94,300 and a downside target of 92,700.

Ethereum's movement is currently highly correlated with Bitcoin, with limited independent volatility. Support at 3,200 to 3,250 remains relatively solid, but resistance at 3,290 to 3,300 is quite strong. Bulls can enter when prices stabilize around 3,240 to 3,260, with a stop-loss at 3,220 and a target of 3,330. Bears can go short when encountering resistance at 3,280 to 3,300, with a stop-loss at 3,320 and a target towards 3,210.