Wednesday Night Bitcoin and Ethereum Market Analysis and Trading Suggestions

The market's extreme volatility continues to decline, often with行情 hidden during the evening and midnight hours. Bitcoin has been steadily declining from 93,896 in the morning to 91,662 currently. Similarly, Ethereum has dropped from around 3,308 in the morning to approximately 3,160.
From the current market situation, Bitcoin's second correction is gaining strength, breaking below the support level of 92,000. Currently, in the afternoon, there are fewer long positions and more exits. On the 4-hour chart, this support has been broken, and the trend is dominated by a bearish outlook. On the 1-hour chart, Bitcoin is expected to move toward the upper band, with a potential rebound. If it does not break below the lower band, the subsequent trend is likely to be a rebound and extension. In the evening, ADP employment data will also influence Bitcoin's development. Before the release and US stock market opening, the market is likely to develop with a small oscillating upward trend. It is advisable to wait and see, consider going long, and focus on capturing rebounds.
For Bitcoin, the suggested range is between 91,000 and 91,500, with attention to 93,000.
For Ethereum, the suggested range is between 3,100 and 3,150, with attention to 3,300.