$BTC $ETH The market fluctuated sharply in the early morning. From the overall trend, the market rebounded and rose to the previous high resistance level around 112000, where it faced selling pressure. After a drop of nearly a thousand points, it recovered to the 111000 level, with bulls still showing strong performance. Ethereum, as expected, continued to rise in value, and the space for a pullback after the surge is limited, with an overall upward trend still indicated.

Looking at the current market, the daily chart shows a small upper shadow after reaching a high. The price continues to push higher, driving the Bollinger upper band upward, closing above the previous resistance zone. After switching lines, it retested 110800 and rebounded from the bottom. In the short term, bulls remain strong, but the previous high still acts as resistance, with expectations for the upward trend peaking at the 113000 level. Whether a peak can be guessed in the short term depends on whether the exchange rate of Ethereum and Bitcoin reaches a peak and retreats; otherwise, there is little room for further declines. Moreover, Ethereum still has upward recovery momentum in the short term. On the four-hour chart, Bitcoin surged sharply before transitioning to a double bearish correction, retesting near the Bollinger upper band and facing resistance. It is essential to pay attention to the key positions of previous tops and bottoms. Ethereum's pullback after the surge is limited, still showing signs of probing higher, which also indicates that Bitcoin has little room for a pullback. In the short term, it presents a volatile structure, with expectations of another rebound to break the high and test the upper resistance before facing pressure. Combined with the negative factors at the end of the month, a significant correction may occur.

Bitcoin can be bought in the 110000-110500 range, targeting around 102500; Ethereum can be bought in the 2740-2760 range, targeting around 2840. #BTC #ETH