You always think you are standing at the precise midpoint. The stronger the wind of the long and short game blows, the more stubbornly you adjust your stance, like a skilled juggler trying to stabilize the tilted balance with the weights at your fingertips. Bitcoin rebounded after testing the lower level of 117,000 and reached a high of 118,749 in the morning. Ethereum retraced to the lower level of 4,451 in the morning and has given some room for rebound, currently at 4,630.

On the 4-hour level, there is a slow chronic step-like oscillation upward, gradually rising while consolidating and correcting; the short-term trend is still not extremely strong unidirectional but rather seesawing back and forth. From the hourly level, the middle track and upper track have been maintaining a downward trend, and the middle track has formed effective resistance, indicating that the short-term bearish trend has not completely changed, and the bullish rebound strength is insufficient, with the space for rebound temporarily compressed. In terms of operations for the future market, the approach remains primarily focused on low long positions; if resistance forms after a rise, then treat it as short again.

Bitcoin is trading around 118,000-117,500, with expectations looking at 120,000; Ethereum is trading around 4,600, with expectations looking at 4,700.