BTC, ETH Market Analysis and Operational Thoughts

- Market Viewpoint: Bear markets are suitable for positioning, bull markets are suitable for harvesting, and a sharp decline does not change true value; one must maintain calm and cognitive evolution.

- Recent Market Conditions:

- Bitcoin: Rose to 120,000 before pulling back, with a low of 118,500, fluctuating around 1,500 points.

- Ethereum: Bulls tested up to 3,765 before retreating, currently around 3,718.

- Technical Analysis:

- Bitcoin: 4-hour chart shows a long upper shadow with increased volume, MACD exhibits a top divergence; 1-hour EMA5 crosses below EMA10 forming a death cross. Key support level to watch is 118,000; if broken, may test 117,200 (50-day moving average), with 120,000 becoming strong resistance.

- Ethereum: Failed to break through the previous high of 3,778, faced resistance at 3,765 and fell back. 4-hour RSI shows top divergence and is turning down, breaking below 3,700 may accelerate testing the support range of 3,650-3,680, while the ETH/BTC exchange rate continues to face pressure.

- Operational Thoughts:

- Bitcoin: Short around 119,200, target 117,500.

- Ethereum: Short around 3,735, target 3,655.