The market trend structure has been disrupted during these two holiday days. The upward trend has started to decline, which is an invisible form of trap. Additionally, a large number of Bitcoin options are expiring recently, adding some challenges to this already fragile market. The recent decline is partly due to these factors. Once these negative factors are out of the way, a rebound is expected.

Currently, the support level for Bitcoin on the smaller timeframe is around 86,500. If this level is broken, Bitcoin is likely to test the previous low of around 84,500. The current trend is a oscillating downward trend, so risk prevention should be prioritized.

Ethereum’s small-term support is around 2,880. If it drops further, it will likely test the previous low of around 2,770. The current trend is also oscillating downward, with weak rebound momentum.

Looking at the recent upward trend from a few days ago, the market’s buying power has significantly weakened. Liquidity is scarce, and more funds are choosing to wait and see. The market needs a substantial and tangible positive catalyst to change the current trend and stabilize the recent fluctuations.