Bitcoin (BTC) Intraday Analysis:

Current BTC price has formed a clear resistance zone around $119, which has become the second high point in the short term. The market exhibits the following characteristics:

Price fluctuation characteristics: After each surge, there is a rapid pullback, indicating significant selling pressure at the $119 resistance zone.

Key support level: $116 has become a watershed for bulls and bears; a valid breakdown will open up downward space.

Key observations for the day:

Upper resistance: $119 level

Lower support: $116-$115 range

If the four-hour level breaks below $116, we will focus on the downtrend to the $113-$114 range.

Ethereum (ETH) Trend Analysis

ETH has shown relatively strong performance recently, peaking at $3420, but caution is needed:

Current status: No clear pullback signal has emerged, and the trend is relatively independent.

Correlation characteristics: We need to wait for BTC to clearly break below $116 before a possible follow-up pullback.

Key level indications:

Resistance zone: $3360-$3400 range

Primary support: $3260-$3300 range

If BTC continues to decline, ETH may quickly pull back below $3000.

Altcoin performance: Has not been able to rise synchronously with ETH, with most gains lagging behind ETH.

Key focus on BTC's breakthrough at $116; this level will determine the short-term market direction.

The current market is in a sensitive position, and we need to be wary of increased volatility during the night #山寨季何时到来？