After the pancake oscillated and rose to around 118808 during yesterday's trading hours, it began to decline all the way down, and as of now, the low point has dropped to the 114300 line. Although there has been some rebound, the highs are gradually lowering, indicating a lack of strength in the long positions. The rebound has not been able to break through the key resistance, and the short positions are clearly controlling the market trend, indicating that the market is currently in a short-term adjustment phase, with volatility temporarily narrowing.

Ethereum surged strongly to the 3876 line during trading hours yesterday, facing resistance. Later, influenced by news and a pullback in the US stock market, it experienced a significant fall, and as of now, it has dropped to the 3615 line. The fluctuation range of the short-term market may further narrow, and the short positions trend is still obvious. This evening, there will be non-farm payroll data released, and market sentiment is leaning towards caution! This kind of pattern usually indicates an energy accumulation process, and after the adjustment ends, it is highly likely to welcome a trend-setting explosive market.
Currently, the strong resistance for Bitcoin is at the 120,000 level, and the strong support is at the 113,000 level; Ethereum's strong resistance is at the 4,000 level, and the strong support is at the 3,500 level.