Evening Analysis: From the current 4-hour chart, the main currency price is fluctuating in the range of 117500-119300, which may indicate that the main force is controlling the market and accumulating positions. If it cannot hold, then the overall trend of the main currency will show a downward fluctuation. In the short term, based on the candlestick patterns and key points analysis, there may be risks of further downside. The 'Black Three Soldiers' pattern suggests a high possibility of a downward trend, and the top divergence pattern further confirms short-term downward pressure. Although the support at 117500 is strong, it may still face a test of breaking down again.
Ethereum was strongly boosted by the main currency yesterday, and I thought today's trend would take off. Who would have thought it would again test downwards along with the main currency? Fortunately, the daily support around 3600 is strong enough, and it spiked back up after hitting the lower Bollinger Band on the 1-hour chart near 3640. This kind of trend has rebounded several times before, but there is a characteristic: only when a double top is formed at the bottom can it pull back up. Currently, this double top has not yet completely formed, but at least there is a thought process, and it is highly likely to continue rising.
Operational Advice: When the main currency dips near 117700-118000, go long, stop loss at 117200, target around 118800-119300, if broken, look at around 119900-120300, if not broken, go short.
Ethereum Operational Advice: When the price dips near 3640-3650, go long, stop loss at 3600, target around 3690-3720, if broken, look at around 3750-3770, if not broken, go short.
Remember: any operation without a stop loss is just fooling around!
Will it break down or rise tonight? Follow for updates, Old Zhao will guide you step by step to grasp the buying and selling points, refuse to be a victim.#RWA热潮 $BTC $ETH
