$BTC You just cut the floor, and it immediately pulls back sharply. When you chase in, it accurately hits your stop-loss line. Looking back, with your small position, it seems like you are being played by the main force. The evening cryptocurrency price quickly plummeted after being pressured near the high point of 119000, dropping by 2000 points, with a minimum touching the low point of 116946 before rebounding to around 117900 for consolidation. Ethereum moved weakly in sync, dropping from a high of 3873 to a low of 3715 before rebounding to around 3790 for consolidation. In the evening, Yunlu's interval suggestion successfully captured more than 1800 points for Bitcoin and over 140 points for Ethereum. During the day, Yunlu provided students with a signal of three short and one long, capturing a total of 4901 points for Bitcoin and 356 points for Ethereum.
The technical analysis shows that Bitcoin's 4-hour MACD formed a death cross, and the Bollinger Bands expanded. The current market volatility is increasing, and it is recommended to strictly control positions. The 119000 level for Bitcoin has become a strong short-term resistance, while around 116900 shows support. In the short term, it is essential to pay attention to whether the 118000 level can hold to determine if there will be another test of resistance. If it loses support or dips into the 116000-115000 range. The resistance in the 3870-3880 range for Ethereum is significant, while support near 3715 is effective. In the short term, we need to see if the 3800-3820 range can break to confirm the recovery of momentum; otherwise, it will maintain a fluctuation between 3715-3870, with a drop below support or a dip into the 3680-3650 range. In the evening, we need to be wary of the impact of Federal Reserve officials' speeches on market sentiment. The prudent are advised to wait for clearer signs of stabilization before positioning. The market is changing rapidly, and maintaining flexibility in response is the key to victory.
Bitcoin suggestion: Consider shorting when rebounding to 118300-118500, target 117000; consider longing near 117000, target looking at 119000-119500.
Ethereum suggestion: Consider shorting under pressure in the 3820-3850 range, target 3720-3680; consider longing near 3700-3720, target looking at 3880-3900.
