Ethereum has performed stronger than Bitcoin today, rallying to around 4570 before pulling back, currently stabilizing above 4550. Short-term capital flow is evident, but indicators are already at high levels, posing significant risks for chasing long positions. Support is in the range of 4520 to 4540; losing this level could easily trigger a quick decline.

Bitcoin is still in an overall consolidation pattern, with clear resistance at the 118500 level. It has repeatedly failed to hold above this level after several rallies. Unless this position is broken, it is likely that the market will continue to fluctuate within this range.

Trading suggestions:

For Ethereum, it's suitable to consider going long in the range of 4520 to 4540, with a target around 4600;

For Bitcoin, maintain a strategy of shorting at high levels and going long at low levels until it breaks 118500, with quick entries and exits within the range.