Wednesday midday market observation:

From the 1-hour chart, the bullish pattern remains intact. After a volume breakout, the price is consolidating at a high level, which is a normal retracement phase after a strong rally and not a sign of weakening. The bullish channel line is still holding, with the upper band mostly flat or slightly upward; the short-term moving averages continue to be arranged upward, and future focus should be on the support formed by the moving averages and the midline—if this support holds, the upward momentum will continue.

The MACD remains in a golden cross above the zero line, and recently the red histogram bars are shortening, indicating that the correction is healthy. Volume expansion during rise and contraction during correction fully conform to the retracement pattern of a strong trend, as demonstrated by last night's market performance.

Specific reference points:

For $BTC, short-term support is around 94500-95000, with key resistance at 96100-96900.

For $ETH, short-term support is at 3280-3300, with targets at 3350-3380.

The changing US trade situation continues to influence expectations for commodities and risk assets; pay attention to the rhythm of macroeconomic data.