Bitcoin and Ethereum markets have recently shown signs of rebound, attracting the attention of investors. Bitcoin has broken through the $118,000 mark, demonstrating strong upward momentum. Analysts predict that if it can maintain above the $117,500 level, Bitcoin is likely to further climb towards $120,000. However, investors should also be cautious, as a fall below the $117,500 support level could indicate an early end to the rebound.

From a longer time frame perspective, even after this round of rebound ends, the market may still experience a significant correction. Therefore, investors need to closely follow the price trends in the short term, especially the 15-minute level charts, to seize potential trading opportunities.

At the same time, Ethereum is also showing a similar rebound trend. After stabilizing in the range of $4,350 to $4,400, Ethereum is expected to challenge the high of $4,790. However, maintaining above $4,430 is crucial for extending the current rebound. If it falls below this level, it could trigger a new round of decline.

It is worth noting that although both major cryptocurrencies are showing an upward trend in the short term, there is still uncertainty in the medium to long term. The weekly chart shows an overall upward trend, while the daily and 4-hour charts show a downward trend. This divergence in trends across different time periods is something investors should follow.

In the current market environment, investors should remain vigilant and closely monitor key price level breakthroughs or support situations, while considering the potential impact of larger macroeconomic factors on the cryptocurrency market. Flexibly adjusting strategies to adapt to market changes will be key to successfully seizing this rebound opportunity.