When will the $ETH fluctuation pattern break? Complete analysis of key points and trading strategies
The market is like life, with ups and downs being a part of the journey. Every fluctuation of the K-line tells a common philosophy of investment and life: there's no need to regret missing out on market opportunities because the market will always present new chances; nor should one be anxious about temporary losses, as true winners understand the importance of befriending time. In the afternoon, the price reached a high of 119328 before retreating to around the low of 118184, followed by a surge from the bulls, currently stabilizing around 118900. In the afternoon, the range strategy provided by Yunlu was precise, successfully capturing over 1000 points of profit; Ethereum, in the afternoon, fell back from a high of 3885, then slightly rebounded from a low of 3811 to stabilize around the 3850 line. In the afternoon, the Ethereum short position successfully captured 64 points of profit.
From a technical perspective, Bitcoin is facing short-term pressure at the 119300 mark, with 118000 forming key support; Ethereum is facing strong resistance between 3880-3900, with 3800 being an important support level. Currently, the 4-hour MACD indicator shows weakening bullish momentum, RSI is in a neutral area, and the Bollinger Bands are continuously narrowing, indicating an impending change in trend. The market is about to choose a direction, and investors should remain cautious, waiting for the trend to clarify before making moves.
Bitcoin recommendation: Look to buy on a pullback near 118000, targeting 119500; if it rebounds to 119300-119500 and faces pressure, consider selling, targeting 118200
Ethereum recommendation: Lightly test long positions at 3810-3830, targeting 3880; consider selling in the 3880-3900 resistance area, targeting 3820-3800
