Yesterday, the overall structure of the pancake during trading hours was in a small consolidation pattern. However, the resistance from short positions above was very strong, leading to a decline during after-hours trading, followed by a continuous downward channel. In the early morning period, the decline further expanded, dipping to the 93000 level, and then there was a slight rebound, which is still ongoing. Regarding today's intraday trend, if it can hold above 95500, or even break through the previous resistance level, then the market is likely to reverse the short-term weakness and form a wave of effective long positions rebound. Conversely, if the rebound lacks strength and fails to break through the key resistance level, it is highly probable that it will continue to dip.

Ethereum also showed a fluctuating trend of rising and falling yesterday, dipping to the 3003 level in the early morning. The key support level at 3000 was once precarious, but it has temporarily held above this support point, with no significant break below. With the market seeing some bottom-fishing capital entering, a slight rebound has occurred, and it is currently consolidating around the 3150 level.
Currently, the resistance for Bitcoin is around the 98000 level, and the support is around the 92000 level; for Ethereum, the strong resistance is around the 3500 level, and the support is around the 3000 level.
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