Today's entire market trend has been fluctuating here all day without much movement. From the perspective of the daily chart, it is still a high-level fluctuation.

Bitcoin is still in a high-level fluctuating market. Currently, the short-term cycle is also stagnant, so there is temporarily no direction. When there is no market movement, it's time to rest when needed and learn when possible, allowing your skills to grow. At present, in the short term, there is a certain rebound space. Where can it rebound to? The first resistance level is 109,900, and the second is 110,400.

This resistance level is particularly important. 110,400 is the lower boundary of the upper range ahead. As long as it does not break through 110,400, the outlook remains bearish. Overall, it is still bearish until it breaks through 110,400, after which there will be opportunities for further highs. Therefore, at this position, it is advisable to remain cautious for now.

As for Ethereum, in this wave of market movement, from the perspective of the daily chart, the range between 2,738 and 2,312 is still fluctuating without breaking out. This large range fluctuation has not yet been resolved. Currently, from today's daily chart perspective, Ethereum is slightly stronger than Bitcoin, as it closed with a large bullish candle while Bitcoin closed with a large bearish candle. Overall, Ethereum is slightly stronger. If the short-term cycle can stabilize and form a bottom here, there is still room for a rebound. The first resistance level above is 2,693, and the second is 2,710. Below, we need to pay attention to a core level at 2,590, which is very important. If this level can hold, and if there is a pullback here, the market can continue to push higher.

Currently, Ethereum is at a point where it needs to choose a direction, so it requires more waiting.

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