Saturday Afternoon Jingyi's Silk Analysis
Recently, Bitcoin has shown a rapid rise followed by high-level fluctuations, with signs of weakening momentum. From the 4-hour chart, the market has entered a high-level adjustment phase, and attention should be paid to the breakout direction of key levels.
If the price fails to continuously break through the high point of 118900, it is likely to trigger a larger pullback; and once it falls below the key level of 110000, the adjustment intensity will further increase.
Trading Suggestions:
BTC Short in the range of 118800-118000, with a target around 116500-115500
ETH Short in the range of 3000-2980, with a target around 2900-2850
