9.3 Morning
Although the short-term trend appears strong, the key resistance level has not yet been broken, and concentrated selling pressure in the upper range leads to insufficient upward momentum in the short term. The current downward wave is in a consolidation phase, and attention should be focused on the resistance around the 112000 level, as its breakthrough will directly affect the short-term trend direction.
Bitcoin retraces to around 111800, looking at the range of 112500, and targets 109800-110800.
Ethereum retraces to around 4370-4450, looking at the range of 4200-4270.
