$ETH Technical indicators show that Bitcoin's 4-hour MACD has formed a death cross, the Bollinger Bands are widening, and the current market volatility is increasing. It is recommended to strictly control positions. The 119,000 level for Bitcoin has become a strong short-term resistance, while around 116,900 shows support. In the short term, attention should be paid to whether the 118,000 level can hold to determine if there will be another test of resistance. If support is lost or the price dips to the 116,000-115,000 range. Ethereum has significant resistance in the 3,870-3,880 range, with effective support near 3,715. In the short term, we need to see if the 3,800-3,820 range can break to confirm a recovery of momentum; otherwise, it will maintain a fluctuation between 3,715-3,870, with a risk of breaking support or dipping to the 3,680-3,650 range. In the evening, we need to be cautious of the impact of Federal Reserve officials' speeches on market sentiment. For cautious traders, it is advisable to wait for clearer stabilization signals before making positions. The market changes rapidly, and maintaining flexibility in response is the key to success.
Bitcoin suggestion: Consider short positions if rebounding to 118,300-118,500, targeting 117,000; consider going long near 117,000, targeting 119,000-119,500.
Ethereum suggestion: If facing resistance in the 3,820-3,850 range, consider short positions, targeting 3,720-3,680; consider going long near 3,700-3,720, targeting 3,880-3,900.
