$BTC Bitcoin forms a double bottom at 118,000, Ethereum breaks through the 4,300 mark!

After Trump’s accusations of 'fake non-farm payrolls,' is tonight’s CPI data still reliable? Bitcoin stabilized and rebounded after dipping to a low of 118,069 in the morning session, reaching a high of 119,303, forming a clear double bottom support structure, alleviating short-term downward risks. Ethereum oscillated upward, reaching a high of 4,310.

From a technical perspective, the 4-hour MACD green bars are shrinking close to the zero axis, and the fast and slow lines are brewing a golden cross. The RSI has rebounded from the oversold zone to the neutral level of 50, indicating a depletion of bearish momentum. Currently, the key resistance level is in the range of 119,500-120,000. A breakout will confirm the end of the correction and open up upward space; the 118,000 level below has become a stronghold for bulls, and if it breaks, the trend will weaken. Ethereum's 4-hour Bollinger Band midline has recovered, and the KDJ golden cross is diverging upwards, with the next target looking towards the 4,350-4,400 area. Overall, the market has entered a repair phase after the short-term selling pressure has been released, but caution is advised regarding the risk of pin bar movements due to changes in liquidity during European and American trading sessions; it is recommended to strictly set stop-loss orders and control positions.

Bitcoin suggestion: Buy near 118,500-118,800, target 119,500-120,000;

Ethereum suggestion: Focus on the 4,250-4,280 support zone, and after stabilization, look towards above 4,350.

Pay attention to the breakout situation of the key resistance levels of Bitcoin at 120,000 and Ethereum at 4,400; if there is significant pressure, consider light short positions. #BTC重返12万