Today's Market Analysis

$BTC Today has set a new low again, directly breaking below 115,000, but it hasn't really hit the key support mentioned before. In fact, the recent rise of Bitcoin isn't that significant, so the pullback is relatively mild, and market activity is still concentrated on Ethereum. However, from today's trend, Bitcoin is likely to test around 110,000 again, but the pace won't be too fast, and it may be more likely to find direction after consolidating this week or next week.

$ETH The pressure here is more evident, with bears and sell orders working together to suppress the price. Recently, about 1 million ETH have flowed out on-chain, creating significant selling pressure, while demand is clearly lagging behind, making it difficult for the market to fully digest. Even so, the market won't just drop in a straight line; there will be fluctuations at this position. Resistance to upward rebounds is around 4390 and 4450, while if it continues to test lower, the key support needs to be looked at in the range below 4100.

If you want to take a swing trade, this is actually a key window; just patiently wait for the market to confirm the direction.