The signs of adjustment in recent days are too obvious. It's been a continuous decline, and from a weekly perspective, this pattern likely indicates another large bearish candle. The short-term rhythm is indeed poor. However, there may be reversal opportunities near the round number levels, so we need to keep a close watch.

The resistance level is mainly at 114800, and the support level is at 111300. If there is a rebound to the range of 113000-113500 in the early session, consider short positions, targeting 111800; after reaching this level, then plan to take a short-term long position.

On the Ethereum side, although it is falling, it hasn't dropped too deeply and already shows signs of a bottoming out. As long as it holds above the 4000 level, the probability of a rebound is considerable. Near 4300, one can consider short positions, and then follow the rhythm of Bitcoin, waiting for a bottoming signal before looking for a reversal together.

That's about the gist of my thoughts. Personally, I feel that it won't drop too much in the next few days. When shorting, everyone must manage their entry points and risk control well, so as not to accidentally short at the floor level. #BNB创新高 #名人MEME热潮 #杰克逊霍尔会议 #美联储7月会议纪要 $BTC $ETH