Bitcoin's current price stabilizes around 96,500, and there is still some support at this level. Multiple downward tests have failed to break through effectively, indicating that selling pressure below is gradually easing, and the buying force is accumulating. That said, breaking through the 100,000 mark is not easy and has instead become a zone for us to gradually position ourselves for a short squeeze. Looking at the entire cycle, we are still in the rebound phase of a bear market.

Looking at the details: Bitcoin's support zone is between 94,500 and 94,000. Whether there is a chance to push up to 98,800 or test 100,000 depends on subsequent trading volume. The overall rhythm seems to be brewing for a second wave of rebound.

Regarding Ethereum, short-term support is at the 3,285 to 3,250 range. On the upside, the 3,440 to 3,500 zone is a clear resistance area. There are still signs of a struggle from a technical perspective.