Bitcoin yesterday experienced a slight rebound before continuing to decline, touching the major cycle support around 108,211 and beginning to rise. This pullback led to a widespread market drop and indicated the importance of Bitcoin. The volume during the decline showed a gradual increase, with volume and price moving in sync. This round of decline is reasonable, and the SKDJ death cross is about to reach the oversold area. The 4-hour K-line has been continuously bearish without showing any signs of stopping the decline, and the volume is still increasing. The bearish trend will continue, with an intraday rebound around 111,000 for short positions with a 0.5% stop loss. Short-term support is at 107,171.5; if broken, we will look at the major cycle support at 103,771.5.

Ethereum's decline has returned to the starting point of that day. After breaking the major cycle support at 4,344, it has recovered. The daily trend has changed, and the volume during the decline showed a gradual increase. The SKDJ overbought death cross is widening downward. The 4-hour level pattern has not shown continuous bearish performance and is still somewhat strong. An intraday relatively strong rebound will be followed by another decline in line with Bitcoin. The capital heat for Ethereum is very high, so it will be relatively extreme. An intraday rebound to around 4,590 could allow for short positions with a 0.5% stop loss, with support at 4,155.59; if broken, we will look at 3,966.3#加密市场回调 .