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After a brief fluctuation in market sentiment, Bitcoin temporarily spiked to around 89200, but this low was not sustained, and it quickly rebounded. Currently, the high has reached around 93560, but the rebound momentum is also limited, and it soon started to decline again. However, it is worth noting that the key support level at around 89000 has never been broken. From the daily chart, Bitcoin is operating in the mid-range zone, entering a consolidation phase overall, and the key support at the mid-range remains intact, further confirming the short-term consolidation trend.
Ethereum also moves in tandem with Bitcoin, trending upward with oscillations. After a correction to release risk, the market needs time to accumulate bullish momentum, and narrow-range oscillation is precisely the process of rebalancing between bulls and bears, with bulls gradually gaining strength.
Currently, Bitcoin faces resistance at around 95000, with strong support at around 88000; Ethereum's strong resistance is at around 3500, with support at around 3100.