The overall market trend, as we anticipated, has experienced some adjustments. Bitcoin broke below the 93,000 level at the early morning point yesterday, which we warned everyone about, indicating that there is still room for further correction. During the early hours, the lowest retracement was around 91,200, and currently, the price has not stabilized above 92,000. The overall trend remains in a correction phase. As for Ethereum, after reclaiming the 3,300 level, it experienced a pullback and is now oscillating around 3,200. Moving forward, the focus remains on signals of bottom support structures for strategic positioning.

Looking at the current market, the daily chart closed with a long lower shadow doji star, indicating a correction phase. Yesterday, the volume was reduced, and overall volume was also decreasing, making the formation of a doji star a reasonable move. Further volume expansion today would suggest a correction space after recent upward movements. Currently, the high levels are still under pressure, and whether the price can fill the key gap through adjustment is crucial. An adjustment does not mean a bearish trend but rather a phase of correction. Combining the four-hour chart, the early morning close was higher, but the overall market has not stabilized above 94,000. Throughout the day, it remained in a bearish correction. The price retraced below the middle band, forming a pullback structure. However, with Bollinger Bands narrowing and the larger cycle showing an adjustment phase, this round of correction should focus on the lower gap at 90,500 for strategic long positions.

Bitcoin can be bought around 91,000-91,300, targeting near 93,000. Ethereum can be bought around 3,170-3,200, targeting near 3,270. #BTC #ETH