Bitcoin overall shows a pattern of oscillating weakness. Since the low point around 90,700 early this morning, it briefly rallied to the 92,300 high area but failed to break above the key resistance level, then oscillated and declined, never breaking through the 94,500 bull-bear dividing line, with a clear bearish dominance. Ethereum's movement remains highly correlated with Bitcoin, starting its downward trend from the 3,171 high, breaking below the $3,100 level, with a low of around 3,065, showing a consistent weak follow-through trend, and the market's linked pressure pattern is prominent.

On the daily chart, it remains in a range-bound oscillation between 84,000 and 94,500. The weekly bearish trend remains unchanged. After multiple tests of the 93,000-94,500 resistance zone without success, the market gradually shifted to a oscillating decline rhythm. Bearish momentum continues to dominate the market, with the moving average system lacking resonance support for upward movement, instead showing signs of pressure. This pattern indicates that the market trend is still controlled by bears, and the correction pattern has strong continuity. The four-hour chart continues with a weak oscillation pattern, with prices forming a converging shape, gradually lowering highs. Although the MACD green momentum bars have weakened in the short term, the fast and slow lines show signs of a death cross, further solidifying the daily correction trend. Currently, the market shows insufficient bullish momentum; short-term rebounds are not trend reversal signals but typical bear power accumulation actions, mainly aimed at preparing for further downside. Today's early operations should focus on rebound-based short positions.

Specific trading suggestions: Pay attention to the resistance at 91,800-92,500 and the two levels at 93,300 and 94,500. If there is no effective breakout, consider shorting with a target of 500-6000 points lower. Key support levels are 91,000, 90,000, and 89,300.