Analysis of Bitcoin and Ethereum

Currently, the Bitcoin market is oscillating in the range of 117,000-118,000. Ethereum has rebounded after a pullback to the 2,921 line this morning, reaching a high of 2,978. The moving average system shows an intertwining of short-term moving averages, indicating a tug-of-war between bulls and bears, displaying typical characteristics of high-level oscillation. Although the MACD indicator is above the zero line, the red and green bars are short and alternating, indicating insufficient market momentum and an unclear direction, confirming the high-level oscillation. The KDJ indicator frequently oscillates between overbought and oversold areas, further supporting the market's oscillation attribute. It is expected that the overall market will maintain a narrow range of high-level oscillation over the weekend.

Points:

Bitcoin: Buy around 117,000, target 118,500

Ethereum: Buy around 2,940, target 3,000