Bitcoin is currently in a small wave structure, with a rebound in wave 2. The strength and weakness are unknown until the market moves. If a short position is placed above 117,000, liquidation will concentrate between 117,200 and 118,600. The Ethereum market is similar to Bitcoin. Ethereum's short-term long position at 4200 has already taken profit at 4320, with liquidation concentrated at 4396. Large holders have already closed their long positions.