Bitcoin, Ethereum, Today's Market Analysis

1: #BTC Bitcoin fell near the high point of 118500 yesterday and retraced to around 115600, forming a low point before rebounding. The first wave of rebound reached 117700 and started to retrace again, dropping to around 116000 before continuing the rebound. This wave of rebound peaked at 118200 but did not break through, leading to further retracement. Therefore, the resistance above Bitcoin at 118500 is quite critical; if it breaks above, the next levels to watch are 119000, followed by 120500. Currently, for Bitcoin to continue its upward momentum, it needs to break through 118500; if it cannot surpass this level, it will continue to retrace downwards. The range to watch is between 118500 and 116000. The key support for Bitcoin remains at 115000; as long as it does not break below this level during retracement, we can continue to expect high-level fluctuations.

2: #ETH Ethereum is performing much better than Bitcoin. Yesterday, the lowest point reached 2930 but did not drop further and started to rebound. The first wave of rebound reached around 3000 but did not break through, leading to a retracement. The retracement hit a low of around 2960, then started the second wave of rebound, peaking at 3060 before continuing the retracement. The low point again briefly dipped to 2965, leading to the third wave of rebound, which peaked at 3098 before starting to retrace again. The retracement reached 3030, starting the fourth wave of rebound, which directly broke through 3100. Currently, the highest point reached around 3150 is still under pressure and has not broken through, with a slight retracement consolidating. Ethereum's larger trend continues to look upward, with retracements primarily providing long opportunities. If there is a retracement to 3100-3050 in the afternoon, these are good positions to enter long in batches.

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