Share your views on this wave of Bitcoin market. Here's the conclusion first: at this stage, it's best to stay on the sidelines and closely monitor whether BTC can hold steady at the 94,500 level.

From a technical perspective, the daily chart has already broken below the support around 94,500 with increased volume, but the four-hour bearish structure hasn't fully played out yet, which creates a contradiction. The next move could be either consolidation and bottoming out or continued decline to absorb supply, depending on how it develops. The next line of defense is around 89,500. If this line is also broken, the nearly one-month consolidation will be invalidated.

To see a larger rally, BTC needs to first rebound to 94,500 and stabilize. Currently, this position is actually very suitable for friends who want to start trading; you can open a hedge position, profit whichever side moves, which is quite good. But if you're trading with real money, it's better to wait and see a bit more.

The situation with ETH is basically the same; both are waiting for this four-hour bearish structure to be confirmed as complete before deciding on the next trading direction. Patience is the best strategy at this stage.