$BTC Ethereum leads strongly breaking 4200, Bitcoin fluctuates narrowly waiting for direction selection
Bitcoin experienced small fluctuations overnight, hitting a low of 115866 before rebounding to 116971, maintaining a consolidation range of 115800-117000. Ethereum showed strong performance overnight, first retreating from 4070 to stabilize around 4000, then rebounding past 4100 after a brief adjustment, and once again attacking to reach the historical high of 4212. Currently, it has slightly pulled back to around 4150 for consolidation. Early morning, Yuntu advised students to enter long positions, successfully capturing nearly 100 points of space.
The battle between bulls and bears on Bitcoin is tense, with 115800 being a repeatedly verified support level and 117000 serving as a strong resistance level for bearish pressure; the hourly chart shows alternating small red and green candles, with trading volume shrinking and the Bollinger Bands narrowing, indicating a continuation of narrow fluctuations in the short term, requiring volume support for any breakout. The key support for Ethereum is at 4000, with 4100 becoming new support, and 4212 as the current primary resistance; the hourly chart shows a strong continuation pattern, with increased trading volume, MACD red histogram expanding, and strong bullish momentum. One can consider light long positions when stabilizing at the 4100-4150 range, targeting 4300-4400, while a drop below 4000 suggests a wait-and-see approach. Overall, Bitcoin is waiting for a breakout signal, while Ethereum shows a significant bullish pattern; operations need to control risks to avoid chasing highs and cutting losses.
Bitcoin suggestion: Long positions near 116000-16500 aiming for 118500
Ethereum suggestion: Long positions near 4100-4150 targeting 4300-4400; if under pressure, one can switch to short with a target of 4100
