Bitcoin experienced a slight increase last night before pulling back and consolidating, showing little continuation. It is currently around 118,000.

Ethereum slowly rose yesterday afternoon, peaking at 4,574 under pressure, and is now around 4,520.

The daily chart shows a lower closing doji candle with a long upper shadow, indicating a wide range of fluctuations at a short-term high, frequently rising and falling. The 4-hour chart shows quick ups and downs, rebounding after falling back without breaking the previous high. This week, pay attention to the high-level resistance; if it doesn’t break, it will continue to struggle at high levels. The market appears weak but lacks the momentum for a one-sided surge. Short-term movements are choppy and volatile, so focus on short-term trades at key levels.

The hourly chart shows weakening, with small stepwise fluctuations upward. Considering the weekly lower support, be cautious when shorting; if there are no suitable opportunities, observe first. If it continues to weaken and breaks down, look to short; if it stabilizes, watch for a rebound.

Trading suggestions:

• Long Bitcoin on a pullback to 117,000-117,500, targeting 118,200-119,000.

• Long Ethereum on a pullback to around 4,440-4,480, targeting 4,550-4,600.