The current market momentum is very weak, and the short-term movement is relatively smooth. Overall, it is still in the range oscillation mentioned previously, with fluctuations compressed between 114000 and 112500. In this current range, there is no absolute decline or rise in the market. Attempting to deliberately pursue an increase or decrease will be difficult to achieve. Therefore, it is necessary to focus on the resistance above and the support below to engage in short selling at high points and long buying at low points. In this kind of oscillating and consolidating trend, treating it in a short-term manner to accumulate positions for oneself is also quite good.

Regarding the current oscillation rhythm, in the short term, we still see more rebounds. There is still some room above, as the market won't always be in a correction or oscillation; it will eventually show a one-sided trend again. Overall, the current trend structure is showing a recovery performance. After a pullback, it has just paused here. It can be seen that even if there is a retracement, it has not formed a continuous downward trend. The overall large trend structure is still viewed primarily as bullish. Tonight, we still expect a bullish recovery.

Bitcoin: 113400-113200 Long Target focus 115000

Ethereum: 4200-4150 Long Target focus 4300$BTC