Evening analysis: The price of Bitcoin shows an intraday range-bound and slightly upward pattern, accompanied by weakened market momentum and a struggle between bulls and bears. In the short term, the price fluctuates near the upward trend line, with a possibility of directional choice. If it breaks the key resistance level of 120000 and holds, the upward trend may continue; if it breaks the key support level of 119500, the adjustment may increase, and support should be observed near 117400.
The overall upward trend of Ethereum has shown signs of a double top pattern in the short term with weakening upward momentum. The market may face a correction risk in the short term. Tonight, we will first look at whether it can hold above the 3600-3620 level. If it breaks down, pay attention to the support levels at 3530 and 3450 to assess the magnitude of the correction.
Trading suggestion: Short in the rebound area of 119500-120000 for Bitcoin, stop loss at 120500, target around 118800-118400; if broken, look towards 117500, and if it doesn't break, go long.
Ethereum trading suggestion: Short near the rebound area of 3630-3650, stop loss at 3680, target around 3560-3550; if broken, look towards 3460-3480, and if it doesn't break, go long.
Follow Lao Zhao for daily entry strategies to know in advance.#ETH突破3600 $BTC $ETH
