Rebound Difficult to Break Resistance, Bearish Pattern Continues

　　Market fluctuations are like waves, sometimes lifting you to the crest, sometimes pulling you into the trough, but a true sailor knows how to adjust their direction with the tide, rather than being shattered by the waves of doubt. On Monday evening, Bitcoin dipped to around 110532 before stopping its decline, subsequently rebounding to a high near 112800; Ethereum followed suit, dropping to around 4518 before the downtrend paused, then oscillating upwards to around 4630.#BTC #ETH

　　On the 4-hour chart, Bitcoin continues to show a bearish dominant pattern, with prices consistently falling from high levels and forming a downward trend of gradually lowering rebound peaks. After dipping to the low of 110484, although there was a rebound, as it currently rises to around 112800, it faces significant resistance above 113000, and the rebound momentum is rapidly diminishing, making the probability of a breakout very low. In terms of technical indicators, the MACD shows the DIF continuing to run below the DEA, and both are deeply below the zero line; the strong pressure of the resistance zone combined with the continuity of bearish momentum creates a dual constraint. If it cannot effectively maintain above the strong resistance at 113500, the price is likely to break below the previous low of 110484 and seek further support downwards. In terms of operations, Lao Hu suggests positioning short orders relying on the resistance zone above 113000; if it breaks below the critical support of 110484, one can follow the trend to speculate on a deeper adjustment, while also strictly maintaining defense to respond to the market's rapid changes.

　　Operational Suggestions

　　Bitcoin can be shorted near 113000—113500, with an initial target of 111000

　　Ethereum can be shorted near 4640, with a target of 4520