In the wave of ups and downs in the crypto world, no one can avoid the turbulence of fluctuations, but some people can always maintain confidence through cycles. Every correction you experience is not the evaporation of wealth, but the market's way of filtering true believers; every late-night bear market you endure is not lonely waiting, but a process of value silently settling. Bitcoin's price, after being pressured around $92,500, retreated to near $89,500 and entered a sideways consolidation phase. Ethereum's movement is in sync with Bitcoin, dropping from a high of 3,254 to a low of 3,041 before stabilizing. Midnight suggests a pullback to go long.

After the U.S. stock market opened higher and then declined again in the evening, the crypto market also followed suit, facing downward pressure. Near dawn, Bitcoin continued to fall from around $92,500 to $89,500 before turning into a consolidation. Currently, the 4-hour candlestick shows a large bearish candlestick in the early hours, causing the MACD and KDJ indicators to display bearish divergence signals, but at the same time, it also widens the gap between the price and the MA5 line. From the hourly chart structure, the current downward momentum has not been fully released. During early hours, focus on the support zone around 89,300-87,600; if the price cannot effectively break below any of these supports, Bitcoin may rebound again, though the rebound peaks are expected to gradually move lower. Resistance levels to watch are around 91,300-92,000. Overall, the early morning market remains within a range. Short-term trading strategies suggest taking short positions at rebound highs and cautiously taking long positions at lows, with attention to position management and key breakout points.

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Trading suggestions:
Bitcoin: Around 89,500, watch for a target of 93,000

Ethereum: Around 3,000, watch for a target of 3,300