The daily chart shows that Bitcoin, after reaching the top of the box structure at 94,500, has faced resistance and continued to decline, closing with consecutive bearish candles. This confirms that the current structure remains valid. The box top is at 94,500, the bottom at 84,500, and the middle at 90,000. Currently, it has retraced to around 90,000, testing support effectively. If this support breaks, it will return to 84,500, but there is some support at around 88,000, and a rebound is expected here! Ethereum has also risen to near the top of the box structure at around 3,300, faced resistance, and started to decline with bearish candles, confirming that the current box remains valid. The top is at 3,320, the bottom at 2,770, and the middle at 3,030. It is also approaching this level now. If support here breaks, it will return to 2,770, with some support at 2,900-2,930!

On the 4-hour chart, both Bitcoin and Ethereum tested the middle support levels at 90,000 and 3,030 respectively, then rebounded. The support effect is clear, also confirming the importance of the middle position in the box structure analyzed earlier. The short positions laid out yesterday have also achieved some profit and exited. It is recommended to continue maintaining a short position!

Trading ideas:

Short Bitcoin at 91,500-92,000, with targets at 90,500-89,000, and cut losses above 93,000;

Short Ethereum at 3,150-3,180, with targets at 3,080-3,000, and cut losses above 3,230;

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