Based on the trend since early morning, mainstream cryptocurrencies have entered a correction phase. Bitcoin faced resistance around 94,000 yesterday morning and has been falling back, dropping to around 90,500 before stabilizing. It is currently fluctuating around 91,000. Ethereum's performance is similar; after hitting a low near 3,120 in the early morning, it has stabilized.

What does the technical analysis say? After a continuous rise on the daily chart, a bearish candle appeared. Although it hasn't formed a clear top signal, multiple previous pullbacks have been gradually building a bottom structure. This correction is relatively mild, and overall, it has stabilized above the key level of 90,000. Referring to Fibonacci levels and short-term gap positions, 90,500 remains a strong support. If it breaks below this, filling the gap will be crucial, and attention should be paid to the 50% Fibonacci retracement support. Only further decline would shift the mindset to bearish; currently, it is still in a small-cycle correction.

Both short-term and medium-term strategies can initially treat this as a buying opportunity on dips. Bitcoin in the 90,500-91,000 range can consider long positions, targeting 92,300; Ethereum in the 3,120-3,150 range can be positioned with a target near 3,230.