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BTC: The Bitcoin price tested the 116,000 position again last night without breaking through. Currently, it is in a situation of retracing to confirm support. From a 4-hour perspective, it temporarily stopped falling and rebounded at the 112,000 position this morning, but the strength is not very strong. There is an expectation of interest rate cuts in the early morning, so funds are on the sidelines, and the probability of price wicks in both directions is relatively high. Pay attention to the support around 11300-11500 below, and the strong resistance area at 116500 above.

ETH: It is relatively weaker, and there is a possibility of a continued second bottom test. Focus on the support area at 3900; if it holds, there will be another upward rebound.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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