Wednesday Thought Analysis:

On the daily level of Bitcoin, the market seems to be pinned in a weak consolidation, with the range continuing to narrow, and the window for directional choice is getting closer. The short-term support at 110,000 is the current critical defense line; if it is breached, the probability of a pullback to 108,000 will significantly increase.

The performance on the 4-hour chart is also not optimistic. This rebound hit resistance at the middle track and fell back, with obvious lack of upward momentum. If the subsequent rebound continues to be weak, today's slight increase may not withstand the impact of the bears and could be completely retraced at any time, with the market possibly returning to a downward rhythm.

Trading Suggestions:

Bitcoin: Enter at 1115 00-11 2200, target 110500, break watch 108000

Ethereum: Enter at 4620-4650, target 4520-4440, break watch 4300