Bitcoin's recent performance is like dancing the tango, fluctuating up and down, testing each step. It dropped from the previous high of 119,000 to break the key level of 115,000, then found support around 112,000, and has slowly pulled back to around 114,000 in recent days. What the market is waiting for is a key breakthrough: can it successfully stabilize above 115,000? If it can overcome this hurdle, it may open up the next wave of rebound space. Ethereum is also not to be outdone, having touched the former support and current resistance level of 3,534, just a little more momentum is needed to break through.

At times like this, the worst fear is the market being 'just one step away,' and it still relies on the bulls to provide some strength.