Last night's market was really intense. At 3 a.m., during that sudden surge, BTC violently jumped from the 91,800 range to around 96,500, a 4.5% increase. ETH surged even more, by 7.3%. This momentum completely suppressed the bears, and the entire market is filled with a "short squeeze offensive" vibe.

Now the question is—yesterday it was still hovering around 91,000, and today it suddenly stepped on the gas. Should we chase now? Afraid of becoming the bag holder, yet also worried about missing the historic moment of breaking through 100,000. Forget it, instead of overthinking, it's better to identify these key levels clearly, as they are the real factors determining the market direction.

**Recent Support and Resistance Levels**

Short-term defense focus (1-3 days):

The 94,600 level is now particularly critical. The resistance level just broken has become a lifeline. If the bulls can hold it, the trend remains intact, and the market is likely to continue testing higher; once it’s broken, be alert for a short-term pullback.

Keep a close eye on the 92,400 to 92,600 range. Yesterday, it was a stubborn ceiling, but today it has turned into a support floor. Honestly, as long as the bulls can defend this area, there's no need to worry about a reversal—the momentum is still there.

How far this rally can go depends on whether these two levels can hold.