Last night, Bitcoin once again staged a classic high-level "dive" drama. At midnight, BTC surged strongly towards around $92,000, seemingly about to break through, then suddenly turned downward, finally falling to around $86,600. The long upper shadow is a textbook-level pressure signal.

What does this market movement indicate? The main force is repeatedly testing resistance at high levels, trying to see if the bulls still have strength. Every surge higher could be a time when profit-taking occurs. Those blindly chasing the highs often hand over stop-loss orders at such times.

The current situation is this—Bitcoin has found initial support in the $84,600 to $86,700 range, but the real bottom should be below $84,000. Every upward push by the bulls is actually creating an exit opportunity for themselves. For more cautious traders, staying put at this moment is actually the smartest choice.

Ethereum's performance appears somewhat weak, always trailing behind Bitcoin. Its support zone is between $2,715 and $2,815, with resistance around $3,170. In this market rhythm, frequent trading often costs more than holding and observing.