#BTC #ETH hour level K-line chart shows that although the price ratio experienced a certain degree of pullback after reaching a high level, with multiple consecutive bearish candles, the extent of the pullback is relatively limited and has not completely engulfed the previous gains. Subsequently, the price entered a phase of oscillation and consolidation, with K-line candles alternating between bullish and bearish, but overall still maintained within a relatively high price range, indicating that the bulls are resolute in their defensive posture during the pullback. Although the price ratio has retreated somewhat, it still fluctuates near the middle band of the Bollinger Bands, indicating that the bulls still hold a certain advantage, finding support near the middle band. As long as the price ratio does not effectively break below the middle band, the dominant position of the bulls is difficult to shake easily.

Operating Suggestions

For Bitcoin near 117400, aim for a target of 119500.

For Ethereum near 3750, aim for a target of about 3850.