The range market has no tricks

Good morning brothers, yesterday was yet another unremarkable day, oscillating throughout the day. Yesterday, Bitcoin attempted to break downwards but failed, subsequently rebounding to the upper resistance around 120500, continuing to oscillate within the range of 116000-120500, without much novelty. The daily candle closed as a large bullish candle, which actually engulfs a series of spinning tops that began in the middle of the month; there is strength in this. Today, we will see if it can break the range of 120500-121000. If it can stand firmly above this range, it will be able to escape the pullback effect of the consolidation zone. Therefore, today’s closing line is very critical.
As for Ethereum, the daily chart on Monday closed with a doji, and yesterday it closed with a hanging man. The bulls fought but were unsuccessful, with the bears winning slightly. Today, focus on the upper resistance around 2800/2820/2850 and the support around the switching position of 2650; below that is 2620/2550.
Currently, the overall market remains in chaos, without a strict directional differentiation. Early bottom fishers and those chasing breakouts have taken profits at this stage. Those who remain optimistic about the future should consider entering long positions here. It is crucial to manage the range well and to play the range effectively. It is not advisable to gamble on direct breakouts; waiting for a confirmed breakout and then following the trend is also an option. Sacrificing a bit of space for a more stable profit-taking is worth it.
No significant information or data is scheduled for release today. In terms of intraday operations, Bitcoin is currently near the upper resistance and can short-sell a bit before taking a long position on Ethereum, which is not far off either.
Short-sell near 119500, add position around 120200, target 117800.
Short-sell at 2740, add position at 2760, target 2670 with strong support at 2640.

The entry points for Bitcoin are 117500/116500; these two nearby levels will be adjusted based on market conditions for specific entry strategies.
For Ethereum, focus on 3680/3650 and wait for intraday prompts.