Yesterday, the market overall saw a short-term rebound, with BTC once recovering to around 112800 but then facing pressure and falling back. This morning, there hasn't been much room for a significant pullback, and it is still consolidating around 112300. As for Ethereum, it has been following a similar pattern to BTC. Yesterday morning, it briefly peaked near 4280 before recovering to around 4380 where it faced pressure and fell back, and this morning it also retraced to around 4280. Throughout the day, both long and short positions have been established, and ETH has also gained nearly 200 points in space today.

From the current market perspective, the daily line has consecutively closed in the green, recovering and breaking through the mid-track pressure. The short-term operating range is shifting upwards, but the previous attempt to test the high point of 113500 did not result in further breakthroughs, indicating strong resistance at the high level. Additionally, the short-term bullish momentum is insufficient, showing a certain weak pattern in the short term, while the K-line has once again stabilized above the 20-day moving average, suggesting that there will be some continuation overall. A breakthrough of the key resistance level above will allow for further bullish continuation. Currently, the oscillation range to watch is 110500-113500. Ethereum's daily line shows a downward trend, and the triangular range is further converging, meaning it is about to determine the strength of bulls and bears. The short-term downward trend line remains under pressure, with key resistance levels at the bottom to focus on being 4200-4250. Overall, the trend leans towards bearish, and in terms of operations, consider continuing to look down from the high position, adjusting strategies only after a key position breakthrough.

BTC can be shorted at 112500-113000, looking around 110000. ETH can be shorted at 4330-4350, looking around 4250. #btc#