Hourly level analysis, the current market has continuously recorded multiple bullish candles, driving the price ratio to steadily rebound, indicating that the buying power is gradually strengthening and effectively countering the downward pressure. In the MACD indicator, although the current value is still in the negative range, the green momentum bars are continuously shortening, which means that the selling power is gradually weakening while the buying power is continuously accumulating. Overall, despite a significant decline in the price ratio during the morning session, the market actively counterattacked and successfully stabilized, showing a clear rebound trend, which is expected to continue in the short term. The current key resistance level above is near the previous high of 118381; if it can be effectively broken, the price ratio will welcome a strong upward trend.

Operating Suggestions

For Bitcoin near the 116800 level, the short-term target is to first look at the breakthrough situation at 118400, if it breaks, continue to look upwards.

For Ether near the 3740 level, the target is 3840.