In the past few days, Bitcoin has been testing the strong resistance around $110,000 on the daily chart.

From the four-hour perspective, Bitcoin has continuously encountered resistance and retreated around the $110,000 mark, with a strong support level to closely monitor at $107,000 on the four-hour chart.

From the daily perspective, the resistance at the $110,000 level is indeed very significant; I personally think Bitcoin will continue to consolidate at high levels for a few days, giving Ethereum ample time to perform.

Ethereum has shown a very strong rebound momentum in the past two days; from the four-hour perspective, Ethereum has encountered resistance and retreated at the $2,800—$2,850 bull-bear boundary, with continuous retests confirming this level on the four-hour chart.

From the daily perspective, Ethereum formed a bullish candlestick yesterday, and today it continues to show bullish strength on the daily chart, once again attempting to break through the $2,800—$2,850 bull-bear boundary range.

However, there is still significant pressure above Ethereum, with strong resistance at $2,950, $3,080, $3,250, $3,400, and $3,500.

We cannot accurately predict the high point of this wave of Ethereum's rebound. I have repeatedly emphasized that I do not believe Ethereum will strongly break through the $2,800—$2,850 bull-bear boundary range. I might miss the opportunity, but I will not go long; to be more prudent, I also will not go short. I will patiently wait for a turning point to appear on the Ethereum daily chart before developing a trading strategy and risk control system.