Liang Qiu: Bitcoin/Ethereum is currently in a phase of pullback; pay attention to the strength of the subsequent retracement.

Bitcoin/Ethereum has rebounded after a sharp drop last night, currently in a crucial price consolidation phase. As mentioned in yesterday's analysis, the first support levels of 90500-91000 and 3050-3100 proved effective, triggering a rebound. Here's a more detailed analysis: Bitcoin consolidated at a high level between 92800 and 94000 yesterday. Last night, it was impacted by the US initial jobless claims data, briefly dipping to a low of 90842 before rebounding quickly. It's currently hovering around 92000. Technically, the key resistance zone is between 93000 and 95000; a breakout with volume could lead to a move towards 100000. The key support zone is between 89500 and 90000, with further support at 88000 to 88500; a break below this level could trigger a deeper correction. Additionally, factors such as Trump's proposed nomination of a crypto-friendly figure to the SEC and expectations of a Fed rate cut provide macroeconomic support. Ethereum's price action is correlated with Bitcoin but with greater volatility. After surging to 3240 yesterday, it fluctuated before falling in tandem with a dip to 3065 in the evening. Currently, it has rebounded to 3190 before pulling back again. Technically, the hourly RSI has recovered from oversold territory to the neutral zone, indicating the oversold correction is complete. Key support levels are the low of 3064 and the 3100 level, while resistance is concentrated in the 3180-3220 range, with strong resistance at yesterday's high of 3240. Fundamentally, the Fusaka upgrade provides support, and on December 1st, the ETH ETF saw a net inflow of $180 million, with institutional holdings exceeding $13 billion, indicating a clear return of funds and providing support for the price. Trading recommendations: Short Bitcoin around 92100-92500, with a target of 90500-89500; Short Ethereum around 3170-3190, with a target of 3100-3050, and further downside if the price breaks through.