#加密市场回调 In reviewing today's market performance, Bitcoin and Ethereum both showed a significant dip and pullback trend. Bitcoin started to move down from a high of 115554, ultimately finding support at the position of 110888; meanwhile, Ethereum also declined from a high of 4149 and stopped the fall in the 3928 area. It is noteworthy that when prices reached these key support levels, the market did not continue to crash, instead demonstrating considerable resilience. The stable performance of these two key crypto assets in the low range clearly indicates that there is substantial buying power at the market bottom, which actually represents a healthy market adjustment process rather than a true weak signal.

After that, Bitcoin rebounded to 113599, and Ethereum also rose to 4028. These rebound actions strongly prove that bullish forces are still active in the market. Although the price subsequently faced pressure again, forming a volatile downward trend, the overall downside space has been effectively restricted above the previous low. This market structure of "pullback not breaking previous low, rebound creating new minor high" is precisely a typical characteristic of bottom area construction.

The continuous downward movement observed currently has clearly weakened in momentum, resembling the last sprint of the bears. Each downward test is exhausting the energy reserves of the bears while also accumulating energy for the impending strong rebound. The current market state can be seen as "the last dark moment before dawn," as it is creating a more solid price foundation through repeated testing. Therefore, this downward trend hides potential opportunities. The successful defense of the support level and the gradual dissipating of the downward momentum both indicate that a new wave of upward opportunity is forming. Once the market completes this final accumulation phase, the bullish forces are likely to once again dominate the market direction.

The night operation suggestions are as follows: Bitcoin can consider looking for long entry opportunities around 110800, with a target position of 113000; Ethereum can be positioned for long orders around 3930, targeting the 4100 level.