The early morning market rally has largely concluded, with Bitcoin (BTC) retracing back to around 112,700, and Ethereum (ETH) also retreating to around 4110. The rebound has struggled to gain momentum, and with continued volume on the four-hour chart, it's unlikely to see a strong rebound in the short term.

On the daily chart, Bitcoin saw a sharp decline, retracing its previous gains. However, failing to hold above 112,000, a weekly pullback has begun, signaling the end of this rally. On the short-term four-hour chart, Bitcoin continues its downward trend, maintaining its weak structure and with the Bollinger Bands trending downward. The strength of the intraday rebound remains a key concern, but a small-scale analysis suggests the current rebound is more of a normal correction than a trend reversal. Focus on the strength of the intraday rebound, with a focus on shorting the rebound from above.

Watch for a short position on Bitcoin between 113,800 and 114,300. Keep an eye on the previous daily support at 112,000.

For Ethereum, keep an eye on the 4170-4200 level for a short position, with the 4000 mark and 3920 below. $BTC #币安HODLer空投PLUME $ETH #加密市场回调