$BTC $ETH Bitcoin fell from the high of 118882 in the evening, fluctuated around 117500 in the evening, and then fell back to 116611 under pressure. It is currently fluctuating around 117583. Ethereum and Bitcoin trends are synchronized. In the afternoon, it fell from the high of 3029 to the low of 2965, then stabilized and rebounded, reaching a high of 3039, and then fell again. It is currently consolidating around 2970.

From the current market, Bitcoin is in a strong consolidation stage as a whole, and the moving averages of each period are arranged in a bullish pattern. There is no obvious sign of capital flight during the callback process. The price pattern is a typical rising relay feature. The 117500-116800 area has strong support, active buying, a clear support structure below, and there is still room for exploration above; Ethereum maintains a high range after the breakthrough, and the market has strong acceptance. We need to focus on the breakthrough of the previous high of 3030. The support platform below is stable, and it also presents an upward relay pattern. Although the market volatility may intensify in the short term, the overall strong pattern remains unchanged.

Bitcoin is in long positions at 117000-116500, with a target of 118500; Ethereum is in long positions at 2950-2930, with a target of 3010