In the recent decline over the past two days, Bitcoin has been more affected by Ethereum. Market funds are clearly leaning towards Ethereum, and trading activity is almost concentrated around it.

Bitcoin has support around 112,000, but the rebound strength may be limited, and the focus for short-term bottom fishing may not necessarily need to be on it.

The current trend shows a characteristic of continuous decline, and the reason is simple: the previous increase was too large, leading to continuous cash-out pressure. Once funds begin to cash out and exit, it can easily trigger a chain reaction. As of now, from the peak, the decline has exceeded 10%. Although the pace of decline is not ideal, there will still be some recovery during the process.

The range around 4,300 is quite critical; it was not able to hold yesterday, and the next step is to pay attention to the support situation around 4,100.

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