$BTC When the candlestick chart fluctuates like an electrocardiogram, and positions rise and fall amidst volatility, every cryptocurrency enthusiast is undergoing a spiritual journey. The market will not always rise unidirectionally; fluctuations are the norm—much like life, where there are no permanent smooth paths; between ups and downs, wisdom is revealed. Yesterday, Bitcoin quickly surged to 118458 after stabilizing around 116338, then retreated to a low of 115736, ultimately oscillating around 116400 to form a converging triangle pattern. Ethereum fluctuated in the range of 2960-3067, exhibiting a typical consolidation trend. Yunlu successfully placed a short position during the day, capturing a space of 4000 points; Ethereum's short position gained a profit of 150 points.
The technical analysis shows that Bitcoin's 4-hour Bollinger Bands are narrowing, with the RSI hovering around 50, and the MACD approaching the zero axis, indicating a state of balance between bulls and bears in the market. Currently, Bitcoin's key support levels are at 115700 and 114500, with resistance at 118500 and the psychological level of 120000; for Ethereum, support is at the trend lines of 2960 and 2880, with resistance at 3100 and 3200 weekly pressure.
Bitcoin suggestion: Buy around 116500, target 118500; if it falls below 115700, then follow up with a short position.
Ethereum suggestion: Buy around 3000-3020, target 3100. If it falls below 2960, turn bearish.
