The fluctuations of the market are never accidental, but rather the best gifts left for the patient. Last night, Bitcoin dipped to a low of 91563 before stabilizing and rebounding, breaking through the previous level during the early morning hours, and ultimately rising to the level of 94476; Ethereum moved in tandem with Bitcoin, dipping to a low of 3296 where it found support, and then oscillating upwards, eventually touching the level of 3446. Jinlin's position yesterday at 92870 made a profit of 1300 points, while Ethereum at 3372 made a profit of 70 points, Bitcoin at 93541 made a profit of 1000 points, and Ethereum at 3397 made a profit of nearly 100 points.

From the current perspective, on a four-hour level, the medium-term upward trend framework remains solid and firm, with each pullback having effectively found support within a healthy correction range, and the core trend support level has never been breached. The current horizontal consolidation process is accompanied by a mild increase in volume, which is a typical healthy turnover characteristic during an upward cycle. Switching to an hourly level for observation, the trading volume shows characteristics of increased volume followed by a decline, and a reduced volume rebound; market sentiment tends to be cautious, and there is a demand for a pullback in the short-term market, which is by no means a signal of trend stagnation, but rather the market is actively digesting floating shares. The morning strategy can follow the trend, and be sure to maintain good defense.

Subsequent attention should focus on the effectiveness of the support below. Bitcoin has resistance in the range of 92600-93400, and may subsequently test the 91000--90000 area; Ethereum's resistance is near 3355-3385, and may subsequently dip to 3285-3245. $BTC $ETH