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The pancake (BTC) retreated to around 104,600 yesterday, then started to rebound again, with the high rebound reaching around 106,600, showing a certain degree of strength overall. However, from the four-hour chart, it still hasn't broken free from the oscillating pattern of back-and-forth swings, with rebounds and pullbacks alternating, lacking sustained directional momentum. This has become the main tone of the recent market, with the US dollar's short-term rise suppressing further upward momentum for Bitcoin. Structurally, the market remains in a wide-range oscillation.
Ethereum has held the short-term support at 3,500, closely linked to Bitcoin's movement.
Currently, Bitcoin faces resistance at 108,000 and support at 100,000; Ethereum faces resistance at 3,800 and short-term support at 3,500.