From the daily chart perspective, the previous high point of 118856 and point D of 116370 form a range oscillation, and there is a significant top divergence characteristic at the high level — that is, the K-line body corresponding to the new high point gradually narrows, ⬆️ indicating that the action momentum weakens, which usually suggests a higher possibility of the main force pulling back. At this time, it can be considered to try to short at the high. In the four-hour cycle, the fifth wave K-line has reached the top pressure area, showing a characteristic of 'insufficient momentum after a rise': previously, when breaking through the middle track from the lower track of 117000, the K-line had decent strength, but as it approached the 120,000 integer level, the bullish line body began to shrink, and the upper shadow line increased, indicating that selling pressure above is gradually becoming apparent. Currently, the overall maintains a high-level horizontal K pattern, with the Bollinger Bands narrowing to form a box range, and the K-line oscillating back and forth between the upper and lower tracks. In the short term, attention should be focused on the breakthrough situation at the box boundary: if the K-line shows 'stagnation and bearish closing' again when it approaches around 120,000, then the probability of continuing the range oscillation is relatively high; if it breaks down the middle track support and shows consecutive bearish lines with volume, then the risk of a 'waterfall-style' decline should be taken seriously. Bitcoin can be observed in the range of 116800-116300, looking at around 119000. Ethereum can be observed in the range of 3700-3730, looking at around 3850. #以太坊突破3700 #MichaelSaylor暗示增持BTC $BTC $ETH