The current Bitcoin is showing a short-term downtrend on the 4-hour chart, with price highs gradually retreating, but lows also rising, forming a converging triangle pattern. This indicates a weakening of market volatility, and prices may fluctuate within a certain range. The daily MACD histogram is gradually shrinking, with the fast and slow lines approaching the zero axis, indicating insufficient market momentum. Although the DIF and DEA on the 4-hour level are still moving downwards, the green column momentum is weakening, showing signs of divergence, suggesting that there may be an opportunity for a reversal or short-term rebound. Therefore, the afternoon trading suggestion can continue along the previous thought process.

Trading Suggestions:

1. Bitcoin: Go long in the range of 118200-118700, with a target between 119800-120800, and set a stop loss around 118000.

2. Ethereum: Go long in the range of 4230-4280, with a target range between 4400-4450, and set a stop loss at 4200.

This strategy still requires patience to wait for a breakout of the price range, and to flexibly adjust the stop loss and target to respond to possible short-term market fluctuations. $BTC $ETH #BTC重返12万 #ETH突破4300 #CPI数据来袭