Market Analysis: BTC Strongly Breaks Through, ETH Continues to Advance

BTC Market Analysis:

BTC's price trend is strong, maintaining an upward trend after breaking through key resistance. Today's four-hour level suddenly saw increased volume, indicating active market buying, with sufficient upward momentum in the short term.

The key support level is in the 118000-120000 range; if this position holds, the market is expected to further push upwards. The upper targets to watch are in the 124000-126000 range.

Trading Suggestions: Futures Traders: The current market is highly volatile; it is recommended to reduce trading or remain cautious, avoiding blind chasing of long positions.

Spot Investors: Careful decision-making is required, as altcoins have yet to show significant volume breakthroughs; the rhythm of market rotation needs further observation.

ETH Market Analysis:

ETH continues its strong upward trend, with short-term support in the 4150-4000 range. The four-hour level is about to close; if a double-top structure forms, it may trigger a pullback, and the defense of the support range needs close attention. If the price stabilizes above 4300, it is expected to further test the 4400-4450 range.

Trading Suggestions: Futures Strategy: Remain cautious, avoid frequent trading, and wait for clearer signals.

Spot Positioning: If the pullback stabilizes at support levels, consider entering in batches, but be wary of high volatility risks at elevated levels.

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