Bitcoin's daily chart, despite having entered the cloud layer, faces heavy resistance overhead. Recent rallies can only be viewed as short-term adjustments, making it difficult to judge a trend reversal. The large timeframe bearish structure remains deeply entrenched. Technical resistance is accumulating visibly: 94500 converges the double constraint of previous highs and Fibonacci 50% retracement; near 95800 there is suppression formed by the 90-day moving average and the 0.786 extension level; 97300 marks the 0.618 extension position; 98500 near the cloud top follows closely after. These multiple levels form a dense resistance band that is difficult to break through easily. RSI has begun to weaken after entering the overbought zone, reflecting that short-term momentum is becoming exhausted. The descending wedge top pattern on the chart also hints that bears remain in control, and currently the risk-reward ratio favors shorting.

Suggest placing short positions in batches between 94500-95800 or near 97250, with stop loss set above 97300. Expected target levels point to 91500, 90500, 89500, 87500, 85500, and 84000 respectively. Gradually take profits as approaching previous lows, but retain a portion of base position to continue playing for further downside. If confident in market judgment, can also attempt light short positioning near 94000 in advance.

Ethereum moves in tandem with Bitcoin, with equally clear top resistance. 3260 is the golden ratio 0.618 retracement level with significant pressure; the 90-day moving average near 3280 continues to constrain price bounces; the 3300-3435 zone faces multiple attacks from cloud top and extension lines. From a technical perspective, Ethereum still operates within the large timeframe bearish framework, currently displaying a descending wedge top structure with rally progress impeded. In such circumstances, it's not suitable to chase upside for longs; be cautious of downside risk from higher levels.