$ETH The fluctuations of the K-line in the cryptocurrency market resemble the ebb and flow of life. Don't rush to exit during the lows; perhaps the next bullish candle holds the light you have persevered for. Bitcoin has shown a unilateral downward trend, falling from around the 12000 mark to a low point of 118069, with a decline of 2000 points, releasing strong bearish momentum. It has currently rebounded to around 118900 for consolidation. Ethereum has also weakened, dropping from a high point of 4365 to a low of 4190, then rebounding to around 4230 for consolidation.

From a technical perspective, in the short term, attention should be paid to whether 118900 can hold. If it continues to face pressure, it may further test the support at the 118000 integer level. If the rebound breaks through the short-term resistance near 119500, it may alleviate bearish sentiment. The current key support level is 118000, with resistance in the range of 119500-120000. Ethereum is following the overall market weakness, with limited rebound strength, indicating that bears dominate the short-term pace. The key support level is the recent low of 4190, with resistance in the range of 4300-4365 (previous high points and downward starting point). Overall, both major cryptocurrencies are under bearish pressure in the short term. Although Bitcoin's decline has released some selling pressure, the rebound strength is insufficient, and caution is advised regarding the risk of further downward movement after consolidation. Bears should monitor whether the support level can effectively break to confirm the continuation of the trend.

Bitcoin suggestion: Buy near 118500 with a target of 120000

Ethereum suggestion: Buy near 4200-4210 with a target of 4280-4300#加密总市值创历史新高