Yesterday, the market overall showed a short-term Rebound. BTC briefly recovered to around 112800 but faced resistance and fell back. This morning, there hasn't been much room for a significant pullback, and it remains in the range of around 112300. As for Ethereum, it moved in a manner similar to BTC. In the early hours of yesterday, it briefly reached a low of around 4280, recovered to around 4380 but then faced resistance and fell back again. This morning, it also retested near 4280. Both bulls and bears have made their positions today, with ETH also seeing nearly 200 points of movement.

From the current market perspective, the daily line has consecutively closed positively, recovering and breaking through the mid-track resistance, with the operating range shifting upward in the short term. However, the previous test of the high point at 113500 did not lead to further breakthroughs, indicating strong resistance at high levels. Additionally, the short-term bullish momentum is insufficient, presenting a certain weak pattern on the short term. As the candlestick chart stabilizes above the 20-day moving average, there will still be some continuation, and only by breaking through the key pressure level above will there be further bullish continuation. Currently, the fluctuating range is focused on 110500-113500. Ethereum's daily line shows a downward trend, with the triangular range further converging, soon to distinguish the strength of bulls and bears. The short-term downward trend line remains under pressure, with key resistance levels at the bottom focused on 4200-4250. Overall, the trend leans towards bearishness, and in terms of operations, consider continuing to look downward at high levels, with adjustments to strategy considered after breaking key positions.
BTC can short at 112500-113000, watch around 110000. ETH can short at 4330-4350, watch around 4250. #btc