8.6 Evening

Today's Bitcoin trend is quite typical. In the afternoon, there were two attempts to probe the 114500 level, both of which encountered significant resistance. The price then returned to around 114000 and maintained a range-bound movement. From the current trend, it appears that the market has not yet exited the range, and this oscillating market condition continues.

Trading suggestion: If the Bitcoin price moves south and retraces to around 113200 - 112300, it presents a good opportunity to go long, with targets looking towards 115300 - 116700. Attention should be paid to the support levels below; if the price continues to decline, the 111600 - 110800 range is a key focus area, as this is an important support line. Above, pay close attention to the area around 117200; once this level is broken, it may open up a new round of upward movement.

Now looking at Ethereum, when the price moves south to around 3600 - 3550, consider going long with targets in the area of 3680 - 3730. In the current market environment, there is a fierce battle between bulls and bears, so risk management is essential when trading (set stop-loss and take-profit levels, and avoid blindly chasing highs and lows). $BTC $ETH