Evening Analysis
Short-term moving averages are showing a flat trend, and both bulls and bears are currently in a tug-of-war. Tonight, focus on the defense and attack around the 120000 level:
• If this support level is effectively broken, prices may further decline, and attention should be paid to the strength of the previous support below;
• If this position can be held, then we can rely on this support to establish long positions.
Overall, it is still recommended to focus on long positions in the future market, with specific strategies as follows:
Recommendation for Bitcoin: Consider going long if it retraces to around 112000, with targets sequentially at 122300, 123000, 124300;
Recommendation for Ether: Consider going long if it retraces to the range of 4140-4180, with targets at 4350, 4450.
