$ETH Uphold discipline and patience, and accumulate wisdom amidst fluctuations; in time, those who understand when to advance and retreat will be rewarded. The morning Bitcoin price fell from the 118480 line to a low of 117450, then rose in a staircase pattern, reaching a high of 119088 before facing resistance and declining. Currently, it is consolidating near the 118800 line. Ethereum fell from a high of 3821 to a low of 3730, then rebounded to a high of 3836 for consolidation. In the morning, Cloud Deer suggested a strategy of high selling and low buying, with Bitcoin capturing over 2000 points of movement and Ethereum capturing nearly 150 points of movement.
From a technical perspective, both are showing a volatile pattern, with short-term moving averages entangled, MACD hovering near the zero axis, and RSI in a neutral zone, indicating a balance of bullish and bearish forces, lacking a clear trend. Looking ahead, influenced by macroeconomic factors, geopolitical issues, and capital flows, there remains uncertainty in the trends. It is recommended to continue the high selling and low buying strategy while closely monitoring market dynamics and strictly controlling risks.
Bitcoin suggestion: When it retraces to around 117500 - 118000, consider lightly buying, targeting 119500 - 120000. If it rebounds to around 119500 - 120000 and faces resistance, consider lightly selling, targeting 118000 - 118500.
Ethereum suggestion: When it retraces to around 3750 - 3770, consider lightly buying, targeting 3850 - 3880. If it rebounds to around 3850 - 3880 and faces resistance, consider lightly selling, targeting 3780 - 3800
