Bitcoin continues its narrow trading range over the weekend. From yesterday's early trading, the market experienced a quick correction, breaking down sharply in the short term, and rebounded near 91,800. As of now, the price is trading around 92,500.

The daily chart trend warrants close attention. After reaching a high, Bitcoin's daily candlestick closed with consecutive down days, and it has now fallen back to the middle Bollinger Band, which provided initial support at the EMA30 (92,000). However, based on indicator signals, the situation is not optimistic—KDJ is diverging downward, MACD histogram is shrinking, and the fast and slow lines show signs of a death cross above the zero line. Although RSI remains neutral, it continues to decline. These all indicate that bearish momentum is gradually strengthening. Moving forward, close attention should be paid to the key support at the daily Bollinger middle band (92,300). If this level is broken effectively, further downside space could open up. Resistance on the upside can be watched around 94,000.

Switching to the 4-hour chart, the trend is clearly weak. The price has broken below the Bollinger middle band and short-term moving averages, currently trading above the lower Bollinger Band. The KDJ indicator is already in oversold territory, MACD histogram remains red, and DIF and DEA are continuously diverging downward below the zero line. RSI has also entered the oversold zone. This reflects that short-term bears are indeed dominant. Although there is a technical rebound demand, bullish signals are clearly insufficient.

The 1-hour chart continues to show weakness. After testing the bottom at 91,800, Bitcoin has rebounded slightly and is now trading between the lower and middle Bollinger Bands. The Bollinger Bands are narrowing, indicating reduced short-term volatility. KDJ is still diverging downward, MACD is forming a death cross below the zero line, and RSI is in the neutral to low zone and continues to decline. Overall, the short-term price is likely to continue weak oscillation, with the possibility of further downside. Resistance on the upside can be watched around 93,400 (upper Bollinger Band), while support levels focus on 91,800 and the key round number 90,000.

Trading reference ideas:

Bullish opportunities are in the 90,000-91,000 range, with a stop loss set at 500 points, and targets at 91,500-92,000.

Bearish opportunities are in the 93,500-94,500 range, with a stop loss also at 500 points, and targets at 93,500-92,500.

Turning to Ethereum, the short-term trend is also under pressure. Short positions can be considered in the 3,240-3,270 range, with a 30-point stop loss, and targets at 3,200-3,150. If a rebound occurs, long positions can be entered in the 3,050-3,100 range, with a 30-point stop loss, and targets at 3,150-3,200.