Bitcoin is oscillating at a high level, with Ethereum slightly leading, while altcoins are still waiting for the wind to come. Recently, the market hasn't seen any major movements; Bitcoin has basically been ranging back and forth between 107,000 and 110,000, oscillating repeatedly. Those who rush too quickly will suffer losses. In terms of intra-day and night levels, I’ll briefly explain: The upper pressure is first at 108,900, and then at 109,500. Both positions have been tested before, and selling pressure is still somewhat heavy. The lower support looks at 107,500 and 106,700, which are short-term defensive levels. If it breaks below, it will trigger a wave of rapid liquidation. Currently, it belongs to the typical high-level digestion phase; the main force is not in a hurry to push, just grinding back and forth. I recommend placing short orders at the first and second pressure levels. Now talking about Ethereum, its trend is still slightly stronger than Bitcoin, which can be considered a slight lead, but the problems are also obvious: Altcoins are not rising overall; they only follow Bitcoin down. If ETH pulls up a bit slowly, the smaller ones start to fall behind. The daily level of ETH shows clear spikes up and down, indicating that funds are still in a game of chance; the direction hasn't been chosen yet. For intra-day levels, the upper pressure is at 2,735 and 2,770. If these two positions stabilize, there will be a chance to continue driving altcoins to catch up. The lower support is at 2,680 and 2,640. Once it breaks below 2,640, the rhythm will be interrupted again. So in the short term, the main focus is still on oscillation, repeatedly testing, and don’t take aggressive actions until the big direction is chosen. Once ETH breaks through and stabilizes, altcoins may truly welcome a rotation for catch-up. I recommend placing short orders at the first and second pressure levels.