From the 4-hour chart perspective, the market has tested the previous consolidation high multiple times, all ending in failure. This indicates that the selling pressure above remains very severe. The trend control has not changed. Ethereum has broken below 4000, while Bitcoin is still consolidating here. There is a high probability of a further decline, approaching the previous consolidation lower bound. In such a weak market, don't expect much of a rebound. Still, as the saying goes, if it doesn't break the blue building, it won't return. So continue to control the rebound during the day.
111600-112000 or 113000 control
Looking down at 110500-110300 or 109500
