Based on #BTC #ETH 4 hours of observation, the Bitcoin price ratio has entered a phase of adjustment after reaching new highs, with upward momentum gradually weakening, and market sentiment has turned cautious accordingly. Currently, the price ratio is fluctuating in a narrow range near the middle of the Bollinger Bands. From a technical perspective, the appearance of a high position doji has released a potential reversal signal; after four consecutive bullish candles, the market failed to maintain strong upward momentum, instead closing with a bearish candle with a long upper shadow, further confirming short-term pressure characteristics. On the indicator level, although the MACD has formed a death cross above the zero axis, the downward energy bars continue to shrink, indicating relatively mild adjustment strength. Overall, the large-scale upward trend remains unchanged, while the short-term needs to go through a technical pullback and adjustment process.

Operational Suggestions

Bitcoin around 117500—117800, initially targeting 120000

Ethereum around 3320, targeting near 3420