$BTC Currently, Ethereum is caught in a high-level consolidation with limited progress; Bitcoin experienced a spike at midnight but faced resistance and then retreated, entering a range-bound fluctuation in the afternoon. Overall, the opportunity for bulls to enter is emerging with ample space.

On the four-hour level, Bitcoin retraced after reaching a new high near 124,500, with a significant pullback potential that may induce short positions, providing an opportunity for those who are trapped to recover. In the evening, positioning for a rebound near 120,000 to go long is recommended.

Ethereum is positioned at the upper band of the Bollinger Bands, with lower shadows indicating resistance to the pullback. The three lines of the Bollinger Bands are expanding and moving upward, indicating bullish dominance. On the technical indicators, the golden cross above the zero line is clear, with green bars occupying, suggesting an impending breakout. In the evening, the focus will be on buying the dips, testing upward.