Morning Analysis

Bitcoin: The price has broken below all moving averages, with extremely low trading volume, forming a bearish resonance. The resistance level is 119,000, and the support level is 117,000. If it falls below 117,000, it may drop to 116,000; if it stabilizes above 119,000, it is expected to reach the upper bound of 120,000.

Trading Suggestions: Short: Lightly short at 119,000 on a rebound, stop loss at 119,500, target at 116,000.

Long: If it stabilizes after a pullback to 116,000-117,000, gradually place long orders, stop loss at 115,600, target at 118,000.

Altcoin: A bearish signal has appeared on the daily chart, combined with a divergence in decreasing trading volume, indicating significant short-term pullback pressure. Resistance is at 4,600-4,650, support is at 4,500-4,550; if it falls below 4,500, it may test 4,500-4,450.

Trading Suggestions: Short: If it rebounds to the 4,650-4,700 area, short, stop loss at 4,750, target at 4,550.

Long: If it drops sharply to 4,400-4,450, you can buy low for long positions, stop loss at 4,350, target at 4,600. $BTC #BTC再创新高 $ETH