At $BTC , Bitcoin presented a fluctuating downward pattern in the morning, with the price retreating from a high of 112330 to a low of 110867 before stopping the decline and rebounding. In the afternoon, it attempted to rise again to test the resistance at 111700 but fell back under pressure. Ethereum started to gradually rebound from a low of 4538 in the morning, reaching a peak of 4645. The overall trend aligns with the logic of 'making money in a bull market and accumulating coins in a bear market,' but one must be cautious of blindly chasing highs and cutting losses in a fluctuating market—over-investing in a bull market and cutting losses in a bear market remain the primary reasons for losses among most investors. The current market is still primarily fluctuating, requiring careful management of the rhythm.

Examining the short-term trend, Bitcoin's rebound is weak, and the bearish pattern is evident, with significant pressure above. Even if a rebound occurs, it is expected to struggle to break through effectively. Ethereum is also constrained by the high-pressure zone, with bearish forces still prevailing in the future market. Daily operations are advised to focus on opportunities where rebounds encounter resistance and where weak rebounds lead to downward movements again. Although the current short cycle has the momentum to push higher, the probability of breaking through increases after continuous consolidation, and the gradual rise in low points indicates that support is continuously solidifying. In the future market, patience is needed to wait for another breakout to open space. Recently, the volatility base has increased, and the fluctuation range is approaching the space of past unilateral market trends; the operation still mainly focuses on re-entering after pullbacks.

Long Bitcoin near 110500, target 113000

Long Ethereum near 4530, target 4700