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Bitcoin has shown obvious consolidation around 9.25, and the short-term upward momentum is facing a turning point. From the perspective of historical resistance levels, the resistance near 9.4 should not be underestimated, and breaking through in one go is not easy. The risk of chasing the high at the current position is indeed significant.
The hourly chart shows some interesting signals—after volume contraction, the price has weakened significantly, and the MACD fast and slow lines have formed a death cross in the overbought zone. This indicates that a short-term pullback may be needed to release pressure. From a technical perspective, the demand for a retracement is quite urgent.
Operationally: Bitcoin in the 9.26-9.3 range can be considered, with targets looking towards 9.15, 9.1, or even around 9.0, but don’t forget to leave a defensive space at 9.35.
ETH is similar in rhythm—3170-3200 is the trading range, with support at 3120 and 3100 to see if it can stabilize, and resistance at 3220.