Will BTC and ETH welcome a bear market turning point in the early morning?

From a short-term market perspective, the bullish momentum has already been released. After Bitcoin surged above 116,000, the price has frequently encountered resistance at 116,800. Although there is no strength in the short-term pullback, the upward momentum is also weakening. At the same time, Ethereum is also making lower peaks, with the hourly chart showing three consecutive bearish candles. The KDJ lines are turning downward, indicating a short-term pullback demand. In the future market, focus on the resistance levels of 116,800 and 3,880. If these levels are not broken, the bear market may welcome a significant pullback. To our bear market friends, let’s wait for the flowers to bloom together.