Last night, Bitcoin experienced a sharp decline, with bears taking profits consecutively at the top area, with single short positions earning between 3,000 and over 100 points in gains.

Interestingly, although Bitcoin's decline was fierce, the rebound was equally strong—completing a deep V-shaped reversal in a short period and recovering most of the lost ground. By the early trading session, Bitcoin had firmly held the 93,000 level, with six consecutive bullish candles on the hourly chart, indicating a high probability of continued upward movement.

From a technical perspective, Bitcoin is currently in a rebound phase. In the short term, close attention should be paid to the resistance zone between 94,500 and 95,000, as breaking through this range will determine the subsequent trend.

Trading reference: BTC seeks support within the 94,200 to 94,800 range, which can serve as a reference zone for long positions. Ethereum is supported in the 3,330 to 3,350 area, which is also worth monitoring.