$ETH You just cut it on 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 the main force is playing with you. In the evening, after the coin price faced pressure near the high point of 119000, it quickly plummeted, with a drop of 2000 points, touching a low of 116946 before rebounding to around 117900 for consolidation. Ethereum also weakened synchronously, dropping from a high of 3873 to a low of 3715 in the evening, then rebounding to around 3790 for consolidation. In the evening, Yunlu's suggested range successfully captured over 1800 points of space for Bitcoin and over 140 points for Ethereum. During the day, Yunlu provided students with three shorts and one long signal, capturing a total of 4901 points for Bitcoin and 356 points for Ethereum.
Technical analysis shows that Bitcoin's 4-hour MACD has formed a death cross, and the Bollinger Bands are widening, indicating increased market volatility. It is recommended to strictly control positions. Bitcoin at the 119000 level has become a short-term strong resistance, while around 116900 shows support. In the short term, attention should be paid to whether the 118000 level can hold to determine if it will test the resistance again. If it loses support or dips into the 116000-115000 range. Ethereum has clear resistance in the 3870-3880 range, with effective support near 3715. In the short term, watch whether the 3800-3820 range can break through to confirm the recovery of momentum; otherwise, it will maintain fluctuations between 3715-3870, with a break of support or a dip into the 3680-3650 range. In the evening, be cautious of the impact of Federal Reserve officials' speeches on market sentiment. Those who are cautious are advised to wait for clearer stabilization signals before taking positions. The market is ever-changing, and maintaining flexibility is the key to success.
Bitcoin suggestion: Consider shorting when rebounding to 118300-118500, target 117000; consider going long near 117000, target 119000-119500.
Ethereum suggestion: Consider shorting when facing pressure in the 3820-3850 range, target 3720-3680; consider going long near 3700-3720, target 3880-3900.
