After Bitcoin's price reached a phase low of 108467 at midnight, the market began a rebound recovery trend. The price steadily climbed during the session, peaking at the 110367 level, successfully reclaiming some of the lost ground from prior declines, demonstrating a certain bullish recovery momentum. Meanwhile, Ethereum also performed actively, with prices rising to the 2827 line, and the rebound trend of these two major cryptocurrencies injected some vitality into the short-term market.

From the perspective of market bearish forces, the pullback during the midnight period was relatively limited and did not form a deep correction as some in the market expected. This situation reflects insufficient bearish pressure at the current position, while also showing that bulls still have some defensive strength near key support levels. Further observation from the 4-hour technical perspective reveals a clear trend of diminishing market momentum: The MACD indicator's histogram continues to contract, indicating that bullish strength is gradually weakening, and the sustainability of upward momentum is under test; the KDJ indicator has entered the overbought zone and shows signs of flattening, suggesting that the short-term market is facing accumulating correction pressure, and there may be a technical repair demand for prices.

Based on the aforementioned technical characteristics, it may be considered to attempt short operations when the price rebounds near the resistance level of 110000. If this resistance level is effectively pressured, the price is expected to initiate a correction trend, with a short-term target looking towards the 108500-108000 support range. Ethereum may attempt short operations near 2805-2825, with a short-term target looking towards 2750-2730.