$BTC Technical analysis shows that Bitcoin's 4-hour MACD has formed a death cross, and the Bollinger Bands are widening. The current market volatility is increasing, and it is suggested to strictly control positions. The 119000 level for Bitcoin has become a strong short-term resistance, while around 116900 is showing support. In the short term, attention should be paid to whether the 118000 level can hold to determine if resistance will be tested again. If support is lost, it may drop to the 116000-115000 range. Ethereum has significant resistance in the 3870-3880 range, with effective support around 3715. In the short term, we need to see if the 3800-3820 range can break to confirm momentum recovery; otherwise, it will remain in the 3715-3870 range. A drop below support or a decline to the 3680-3650 range may occur. In the evening, be cautious of the impact of Federal Reserve officials' speeches on market sentiment. Cautious investors are advised to wait for clearer stabilization signals before positioning. The market is ever-changing; maintaining flexibility in response is the key to success.
Bitcoin suggestion: Consider short positions as it rebounds to 118300-118500, with a target of 117000; buy near 117000 with a target of 119000-119500.
Ethereum suggestion: Consider short positions under pressure in the 3820-3850 range, with a target of 3720-3680; buy near 3700-3720 with a target of 3880-3900.
