$BTC Bitcoin shows a one-sided downward trend during the day, rebounding slightly to around 118600 after falling from the high point of 120320 to the low point of 117860. Ethereum synchronously weakened, rebounding to around 3675 after hitting a low of 3640. In the afternoon, the short position strategy provided by Yunlu accurately captured the downward trend, with Bitcoin successfully capturing a space of 702 points and Ethereum capturing nearly 70 points.

From a technical perspective, Bitcoin has short-term resistance at 119200 and key support below at 118000. If it loses this support, it may test the weekly support at 117200; Ethereum has a pressure zone between 3700-3720, with 3650 being the dividing line for bulls and bears within the day. In terms of indicators, Bitcoin's 4-hour MACD shows a death cross, but its RSI has reached the oversold zone, while Ethereum's 1-hour KDJ shows a bullish cross at a low level. From the 4-hour level, it still shows a slightly bullish oscillation. Due to the oscillating market, the transition between bulls and bears will be relatively frequent, and the periods of switching back and forth will also combine with the formation while observing the continuation of strength and weakness. The current structure temporarily stabilizes above the 118000 level, but the strength of the rebound is becoming weaker, and the bulls are slowing down. Until the range is broken, the focus should still be on short-term oscillation, and after the bulls and bears break the level, one can follow with low buys.

Bitcoin suggestion: You can try a light long position near 118000-118500 (stop loss at 117500), with a target of 119500, or short if it rebounds to 119200 (stop loss at 119800).

Ethereum suggestion: Light long position near 3640 (stop loss at 3620), with a target of 3720#BNB创新高 .