From the perspective of #BTC #ETH hours, the support level near 118500 is firmly held, preventing the price ratio from effectively breaking below the key technical level, and the previous low may form a temporary bottom. The Bollinger Bands maintain a sideways flat state, indicating that the current fluctuations are of a corrective nature rather than a trend reversal signal. When the price ratio breaks upward through the middle band, the Bollinger Bands may reopen upward, creating space for a rebound. After the pullback, the candlestick shows alternating small bearish and bullish patterns, indicating that the strength of the upward movement has weakened after being released in the previous decline. Currently, the market is gradually attempting to counterattack and has reclaimed a small portion of lost ground, forming a 'bottom consolidation' structure. The evening still looks optimistic for upward potential.

Operational Suggestions

For Bitcoin around 118000—118500, the initial target is 120000.

For Ether around 3600, the target is 3700.