Today the market showed a rebound followed by a pullback again, with Bitcoin reaching a high of 94,415, Ethereum touching 3,307 before pulling back, and then rebounding in the afternoon to close higher.

The core of the volatility is the debate over interest rate cuts: signals from the Federal Reserve indicating a rate cut and capital inflows pushed prices higher in the early session. Tonight's ADP small non-farm payroll data will serve as a litmus test; the strength or weakness of the data will influence short-term trends, with Friday's non-farm payroll report being the key.

Bitcoin support is at 91,000-92,000, resistance at 94,000-95,000; Ethereum support is at 3,150-3,200, resistance at 3,300-3,350. The medium- to long-term focus remains on rate cuts, with upcoming CPI data and Federal Reserve meetings requiring close attention. $BTC #ETH走势分析