$BTC The market will not always rise unilaterally, nor will it continue to fall excessively; oscillation is the norm. When the candlestick moves back and forth within a range, most people see anxiety and confusion, while true traders see golden opportunities for high selling and low buying. Yesterday's market is the best proof—Bitcoin oscillated between 118548-117662, and Ethereum fluctuated between 3609-3527. Amid seemingly chaotic fluctuations, we achieved 1900 points with two longs and one short by accurately identifying key support and resistance. Ethereum captured a profit of 160 points. This is not luck, but mastery of market rhythm.
Bitcoin's key levels correspond precisely to the upper and lower bands of the 4-hour Bollinger Bands, while the 1-hour MACD oscillates near the zero axis, indicating intense bullish and bearish battles. Ethereum formed a three-pin bottoming structure in the 3520-3550 area. The current technical analysis shows that Bitcoin needs to break through 118800 to open up upward space, with 117200 as key support below; for Ethereum, pay close attention to the breakout situation at the 3620 daily neck line, with 3500 as strong psychological support. The suggested trading strategy is to use "breakout following + dip buying" and monitor the impact of Federal Reserve speeches. The market is on the eve of a trend change, so it is advisable to maintain flexible positions to respond.
Bitcoin suggestion: Buy near 117500, chase long above 118800 looking towards 120000, if not broken, then retreat and enter short.
Ethereum suggestion: Stabilize around 3550 to layout long positions, look towards 3620 after breaking 3580, if not broken, then retreat and enter short.
