Bitcoin overall shows a shock-driven downtrend pattern. Since the opening high of 91000 today faced selling pressure and retreated, it has continuously broken through short-term support levels during the downward exploration process, with the lowest touch below the 90000 level, even briefly breaking through the 90000 USD round number. Ethereum's trend maintains high correlation with Bitcoin, simultaneously initiating a downtrend from around 3150, with the lowest exploration reaching the 3100 level, showing weakness throughout the period with coordinated follow-through weakness, highlighting the correlation of the market.

At the daily level, the downtrend continues to deepen. After the market experienced weak rebound attempts in the previous period, it has switched from a shock pattern to a steady downward movement rhythm. Bearish momentum continues to release, driving the moving average system to form a synchronized downward suppression pattern. This formation marks that the market trend has clearly turned to bear dominance, and this downtrend exhibits strong continuity and structural stability. The 4-hour level extends the weak downtrend character, with price continuously constrained by the channel lower rail moving lower, presenting single-sided weak downtrend technical characteristics, further consolidating the operational foundation of the daily level bearish trend. The breakdown of the previous 92155 key support level has confirmed the downtrend momentum. Current market rhythm shows that bearish forces continue to release, with short-term rebounds appearing during the period being not trend reversal signals, but typical pressure pullback actions, with the core purpose of accumulating volume for subsequent further exploration, coupled with ETF fund continuous outflow and rising market risk-aversion sentiment, today's early strategy remains centered on shorting at rebounds.

Specific operation suggestions: Currently continue to watch the pressure situation around 91100-91800 and 92500-93300 above. If unable to achieve breakthrough stabilization, directly attempt high shorts. Downside targets 500-5000 points of space.