Today, Bitcoin has been oscillating between the 91,600 and 94,000 range. ETH, on the other hand, is holding strong, firmly defending the 3,100 support level.

In the morning session, we opened a short position near 93,800, and after the US stock market opened in the evening, we added another at 93,600, easily locking in over 3,700 points in profit. ETH also netted us 130 points.

Although Tuesday’s reversal was indeed strong, with BTC briefly surging to the 94,000 mark, to put it bluntly, this is just a continuation of the rebound. The key is whether it can hold above 93,000—the previous high. If it can’t hold, there’s still a high probability of a short-term pullback.

Thoughts for the late-night session:

Continue to watch for short opportunities near 93,600, and for ETH, focus on setting up positions in the 3,160–3,190 range.