Technical Analysis:

- Bitcoin (BTC): The 1-hour level shows a clear descending channel, currently rebounding to the resistance level at the upper track around 118800. The key support below looks towards 117500, and if this level is lost, it may accelerate the decline to 116800.

- Ethereum (ETH): The 4-hour level maintains a stepwise downward trend, with resistance focused on the 4580-4650 area, while 4450 is a critical watershed for bulls and bears.

Risk points to watch: If BTC breaks through 119500 and ETH stands above 4650, it may trigger short covering, requiring timely strategy adjustments. The current market is still dominated by bears, but after short-term overselling, there is a demand for technical correction. It is recommended to strictly control positions and closely monitor the impact of important economic data on the market in the evening.

Operational suggestions (mainly short on highs):

- Bitcoin: You can lightly short in the 118600-118800 range, targeting 117500-117000.

- Ethereum: When rebounding to the 4570-4600 range and facing pressure, position short, targeting 4450-4400.#BTC再创新高