After a continuous pump, BTC formed its first Bearish line yesterday, breaking the previous trend of continuous pump. However, the overall trend remains positive; it just needs to consolidate and pull back in the short term to build momentum.

Yesterday, BTC stabilized above $116,000, initially confirming the support of the second low point. From the 4-hour chart, $116,500 has become the new support level, and the price shows a fluctuating upward channel, maintaining a bullish expectation.

Today's market focus will be on defending the secondary low point. BTC is expected to rise amidst fluctuations, and the probability of breaking through the previous high point is quite high. Investors are advised to pay attention to long opportunities in the range of 116500-117000 USD, with a target around 118500 USD.

At the same time, Ethereum is also showing a similar trend. It is recommended to look for buying opportunities in the range of 4390-4420 USD, with a target near 4600 USD.

It is important to note that the cryptocurrency market is highly volatile, and investors should operate cautiously and manage risks effectively. Additionally, changes in market sentiment and external factors may also affect short-term trends, so it is advisable to closely monitor relevant news and market developments.