Market review:

Yesterday, the highest for BTC was 112371, the lowest was 108666, a fluctuation of 3705 points. The highest for ETH was 4633, the lowest was 4311, a fluctuation of 322 points, yesterday being Tuesday.

Yesterday, BTC continued its weak trend but did not test the support near 108 again (presumably referring to 108000 in context) and instead rebounded from that position. However, it should be noted that its intraday rebound strength is still weaker than ETH (second coin). Whether the market can strengthen as a whole in the short term still depends on whether BTC can further amplify its rebound momentum, thereby driving a general recovery in altcoins.

ETH's performance has been stronger, rebounding after hitting a low of 4311 yesterday, completely in line with expectations for an intraday counterattack — it surged directly to the 4500-4600 range in the evening and is currently challenging the 4600 resistance level. Compared to the previous rapid surge from 4200 straight to 4900+ without any pullback, this gradual rise appears more stable and is more significant: if 4600 can hold, the short-term target can look at the 4800-5000 range; once it breaks through the 5000 mark, it is highly likely to move towards the 5100-5300 range, during which it only needs to maintain defense at key support levels.

There is no need to overemphasize the altcoins; as BTC's rebound momentum is gradually released, it is highly likely to follow mainstream coins for a recovery rally. The focus should still be on the previously highlighted targets, patiently waiting for rotation opportunities brought by the stabilization of mainstream coins.

Today's Wednesday highlights:

BTC

The current support level for BTC is around 108, and as long as it does not break below this level, the current rebound is supported by the 108-112 range. From the current trend, it is a clear support rebound. In the past two days, focus on whether it can stabilize above 112; if so, direct attention can be given to the 115-116 range as a resistance line. As long as it stabilizes above 116, the price can return to the 118-122 range. Therefore, regarding the current market, we are looking at a rebound rally; the weakness of BTC does not mean it will continue to be weak.

ETH

The ETH market began its rebound from around the 4300 low. Yesterday, it directly counterattacked, showing less weakness than BTC. Therefore, the focus for this wave of the market is whether 4600 can stabilize and continue to push towards the 4800-5000 range. In today's intraday level, it is crucial to pay attention to whether the four-hour level can close and stabilize above the 4600-4650 range. As long as it closes and stabilizes at this position, it will open up space for further upward movement. Intraday, we can directly look at the resistance line for upward movement. If it cannot stabilize above 4650 at the intraday level today, pay attention to the support level at the 4450-4500 range.

Altcoins

Continue to focus on SOL, DOGE, WLD, ENA, and LINK; these targets have been highlighted multiple times before. As the market sentiment warms up, there will be rotation opportunities.