The Bitcoin market has recently shown a certain rebound trend, but to truly confirm this movement, we need to closely follow the key resistance level of $113,300. If it can successfully break through this level, Bitcoin is expected to further rise to the range of $114,200 to $114,700. However, the more challenging resistance on the daily chart is located between $115,800 and $116,600.

It is worth noting that if Bitcoin fails to effectively break through the $113,300 level, it may indicate that the current rebound is insufficient, and the market may experience a pullback again. In this case, we should follow the support zone between $112,000 and $111,000, while $110,000 is a crucial defense position.

At the same time, Ethereum's performance is also worth following. Currently, Ethereum's rebound momentum is relatively strong, and from a technical analysis perspective, this is considered a four-hour level rebound. For Ethereum, $4,292 is a crucial support level. As long as the price does not fall below this level during the pullback, the rebound trend is expected to continue, and the next target resistance level may be $4,400, which is also an important resistance level on the daily chart.

If Ethereum can break through $4,400, it may further challenge the range of $4,481 to $4,573. For traders holding short positions, it is recommended to set a stop-loss level near $4,400, and one should consider closing positions once this level is breached. However, if the four-hour candlestick closes below $4,292, it would indicate that this rebound may have ended, and the market may test lower levels again, with the next support target possibly being $4,200. If this level is also broken, the range of $4,100 to $4,060 will become the next focus.

Overall, whether it's Bitcoin or Ethereum, the current market is at a critical technical position. Investors and traders should closely follow the performance of these key levels in order to adjust their trading strategies in a timely manner.