Recent performance in the crypto market has been quite interesting. Bitcoin is currently hovering around just above $90,000, specifically near $90,200, with a 24-hour decline of only -0.16% and a trading volume of $6.47 billion. Ethereum appears somewhat stronger, quoted at $3,110, up +0.76%, with a trading volume close to $10 billion, reaching $9.97 billion. Looking at the overall market, the total cryptocurrency market cap is approximately $3.07 trillion, essentially flat, with a slight decrease of -0.04%. The general feeling is that the entire market is consolidating with oscillations, and the direction remains unclear.

From a technical perspective, Bitcoin warrants close attention. The daily chart shows the price moving within a downward channel, with the moving average system displaying a bearish alignment. The 50-day moving average is around $92,000, exerting significant pressure on the price. On the support side, $90,000 is a psychological level, with short-term support zones below at $89,000-$88,800. If the $90,000 level is truly broken, secondary support could be at $85,900-$86,300. On the resistance side, recent rebound highs are between $91,700 and $92,500, with a mid-term strong resistance zone at $93,000-$94,000. Notably, the key level at $94,200 should be watched closely—once broken, it could trigger a new upward rally.

In the short term, the hourly chart shows the three EMAs—EMA7, EMA30, and EMA120—are all in a bearish alignment, with the price repeatedly suppressed by EMA7, indicating some weakness in the rebound. This suggests continued short-term pressure.

On Ethereum, support levels are at $3,060-$3,075...