The daytime market has again fallen into a tedious tug-of-war, and it is indeed too early to assert a firm footing at this moment—after all, liquidity is generally low over the weekend, making both bulls and bears appear somewhat constrained. Clarification of the general direction may have to wait until Monday evening when the U.S. stock market opens, to see the attitude of external funds more clearly.

However, at present, Bitcoin at 113000 and Ethereum at 3500 are both considered areas with a certain degree of support. Of course, it would not be absolutely safe either; there is potential for downward movement, but it is worth noting that every time Bitcoin drops by 1000 points, it encounters a relatively strong support level, making it not so easy to break below.

In the short term, attention can be paid to the support of 112000 for Bitcoin, while for Ethereum, focus on the 3315 level. Interestingly, the ETH/BTC ratio has a chance to test the 0.03 threshold, and whether this position breaks or not may also provide some signals regarding the relative strength of the two assets. #BTC #ETH