Bitcoin received effective support around 110,000, and we are seeing funds flowing back into the Bitcoin spot ETF market, all of which are effective signals.

As long as it does not fall below the 110,000 level on the 4-hour chart, we will re-enter an upward trend. If it falls below 110,000, then there is no hope in the short term, and it will need to adjust for a while.

In the altcoin space, it continues to weaken alongside the adjustments of Bitcoin and Ethereum, with the DeFi sector and meme sector being relatively weak. If ETH re-enters an upward trend, these quality assets will have a chance, as Ethereum gives birth to all things.