Bitcoin encounters resistance around the 90,000 level, and recently it has retreated to the vicinity of 85,000. This level is very critical—if the 85,000 support cannot hold in the next few days, close attention should be paid to the 83,000 support below.

ETH's performance has not been as ideal. Its recent trend has been somewhat weak. Instead of spending energy analyzing Ethereum alone, it’s better to follow Bitcoin’s rhythm for trading, as this will provide a higher reference.

Another key time point to watch is the important speech at 10:00 today. Events like this often influence market sentiment and cause volatility. There are many bullish voices in the market, but some are also positioning for shorts at over 9,000. Currently, this short position seems quite isolated.