Today's BTC and ETH continue to maintain a fluctuating bearish pattern, but from the hourly chart, a short-term double bottom formation is taking shape, with some correction expected.

BTC: Currently running at the support zone around 112500, a short-term upward correction is expected near 114800-116000. If it breaks through 114500 strongly, it will likely continue to test the 118000 area.

However, be aware that if it falls below 111700, further adjustments to the 110500-106000 range should be guarded against.

ETH: The hourly structure is weak, but the double bottom formation is still present. If it stabilizes in the 3400/3375 range, there is a chance to challenge 3645-3720.

During the rebound, pay attention to the 3635 resistance line; if it stands firm with increased volume, look for a continuation of bullish momentum; otherwise, after a short-term rebound, be cautious of further downward adjustments.

Macroeconomically, the market is still affected by the Trump submarine incident, and risk aversion sentiment has not been fully released. Coupled with uncertainties such as Fed officials resigning, the sentiment remains cautious. #BTC