Looking at the 1-hour K-line trend of Bitcoin, recent trading volume has clearly been declining, and the Bollinger Bands are gradually narrowing, indicating that the market is currently in a consolidation phase. The midday decline directly broke through the key support level of 95,000, and the short-term correction pressure has not yet been fully released.

If the price continues to fall below 94,000 later, the next target for downward exploration will be around 93,500—this line is the middle band support of the Bollinger Bands, and whether it can hold steady is crucial. The evening trend will be very important; the market needs to see a significant increase in trading volume to confirm the strength of the rebound. Once volume picks up, there is a chance to push back above 97,000.

Additionally, pay attention to the release of the US CPI data tonight, as such macroeconomic data often causes volatility in the crypto market. Both BTC and ETH need to closely monitor their performance at this time.