Bitcoin Hourly Chart:

Price and Support & Resistance Current price: 89571.5, within the recent narrow fluctuation range (88000–91000). Key support: recent low at 87200.1, below which 88135.2 (dashed line in the chart) is an important support level, tested multiple times without effective breakdown. Key resistance: above 91000 is a clear pressure level, with previous attempts to break higher encountering resistance and falling back.

Indicator Signals Bollinger Bands (blue upper band, white middle band, lower band): The current price is below the middle band, indicating a short-term bearish bias; the Bollinger Bands are generally flat, showing the current phase is consolidation with no clear trend. Pink indicator line: After previously rebounding with the price, it now shows signs of turning downward, suggesting weakening bullish momentum. Blue dotted indicator: Previously trending upward, now showing stagnation or a turn, further confirming the short-term weakening of bullish strength.

Market Rhythm and Sentiment From the sharp decline on January 22 (dropping to 87200) to the rebound, the market has experienced a process of “panic decline → bottom-fishing rebound → consolidation digestion.” The current price fluctuates between support and resistance, indicating that the bulls and bears are temporarily balanced, and the market is at a critical point of trend choice.

Short-term Trend Projection Upward Breakout: If the price can stabilize above 90000 and effectively break through the 91000 resistance, it may open up upside space and challenge previous highs. Downward Breakdown: If it falls below the key support at 88000, it could retest 87200 or even lower, triggering a new round of selling pressure. Consolidation: Without a clear breakout, the most likely scenario is continued oscillation within the 88000–91000 range, waiting for new news or capital-driven momentum.

Ethereum Hourly Chart:

Price and Support & Resistance Current price: 2953.08, in the lower middle of the recent consolidation range (2860–3080). Key support: previous low at 2863.70, with the red dashed line near 2950 serving as short-term support, and the white dashed line at 2992.83 as recent resistance. Key resistance: above 3080 is a recent high and an important resistance level; a successful breakout is needed for further upward movement.

Indicator Signals Bollinger Bands (blue upper band, white middle band): The current price is below the middle band, indicating a short-term bearish bias; the upper band is turning downward, and the middle band is also trending downward, showing overall momentum is weak. Pink indicator line: After previously rebounding with the price, it now continues to turn downward, indicating that bullish momentum has significantly weakened, and bears are dominating the short-term trend. Blue dotted indicator: Previously rising with the price rebound, it now shows a turn downward, further confirming the decline in bullish strength.

Market Rhythm and Sentiment The market has experienced a process of “sharp decline (2863.70) → rebound and correction → encountering resistance and falling back → consolidation.” The current price oscillates around 2950, with bulls and bears temporarily stalemated, but the overall center of gravity is slowly shifting downward, and market sentiment is cautious.

Short-term Trend Projection Downward: If the price falls below the 2950 support, it may retest the previous low at 2863.70 or even lower. Upward Rebound: If it can stabilize above 2992.83 and break through the 3000 level, it may challenge the 3080 resistance. Consolidation: Without a clear breakout, the most likely scenario is continued oscillation within the 2950–3000 range, waiting for new drivers to break the equilibrium.