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The pancake is currently in a wide range-bound fluctuation. From the daily chart's trend, the overall structure is still in an upward trend. Although there has been a short-term pullback, the continuity is insufficient, and the upward trend structure has not been affected, with the main structure still biased towards bullish. Currently, the 4-hour chart shows a back-and-forth movement at a high level, with neither bulls nor bears able to maintain their momentum. After probing the bottom in the early morning, it has exhibited a Fan rebound action, and there is still some continuity at the moment. Therefore, in terms of short-term rhythm, attention can be paid to the Fan rebound situation at 111500!
Ethereum has risen from the morning low near 4058 to a high point of 4215 before pulling back. It is currently showing a clear divergence from the market, with bullish momentum weakening during the rebound.
Currently, the strong resistance for Bitcoin is at the 115,000 level, and the strong support is at the 100,000 level; the strong resistance for Ethereum is at the 4,500 level, and the strong support is at the 3,800 level.