Bitcoin is currently facing an important support level around 116500, which usually triggers an initial rebound. However, the sustainability of the market will depend on the actions of major market participants.

Ethereum's performance has been relatively weak, although entering a long position around 4285 yesterday still yielded considerable profits. Whether the market will provide an opportunity for a pullback today remains to be seen.

There is certain support above 4300, and if it can stabilize at this position, it will be a positive signal. If it breaks down, the next key support level is around 4200, which is the starting point of this round of Ethereum's rise. It is worth noting that 4400 was recently the high point but failed to break through.

Overall, the cryptocurrency market remains full of uncertainties, and investors should closely monitor the performance of these key price levels, as well as the behavior of major participants, which will have a significant impact on the short-term market direction. At the same time, attention should also be paid to the overall market trend and macroeconomic factors, as they may affect the long-term development of cryptocurrencies.