Evening analysis: Today's trend for Bitcoin is really strong, with fluctuations of several thousand points up and down. Currently, the price is oscillating downwards at a high level and is continuously under pressure from dynamic resistance above, in a consolidation pattern. In the short term, although Bitcoin has made a strong upward move, the bearish forces are still relatively strong, and the price may further test the support around 116000 in the short term. If this support holds, there may be a certain technical rebound, but the rebound space is also limited. The earlier 'bottom formation' signal provided support, and the overall market remains in a weak oscillation.
Ethereum's price is showing an overall upward trend, but there are signs of stagnation in the short term. Based on the resistance level around 3826, the upward momentum has weakened. In the short term, as the price adjusts near the key resistance level and a double top pattern and top formation signals appear, there may be a risk of further decline. However, if the price can consistently hold above 3787, it is still expected to test higher resistance, with the key resistance level at around 3820 and support at 3750.
The market is never short of opportunities; what is lacking is the determination to see the direction clearly amidst the cannon fire.
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