The critical turning points for Bitcoin and Ethereum have arrived; keep an eye on these life-and-death lines!
Currently, both Bitcoin and Ethereum are at critical junctures, with short-term volatility increasing, but the direction remains unclear. Bitcoin has closed with small real bodies for three consecutive days on the daily chart; although the price is stable around the middle Bollinger Band, it has been consolidating with decreasing volume on the 4-hour chart, and signs of expansion in the Bollinger Band are appearing on the 1-hour chart. The previous upward movement was engulfed by a bearish candle and fell below the triangle consolidation range. Although it quickly recovered, one must be wary of false breakout risks. If support around 115,000 holds, there may be a short-term rebound testing the resistance at 118,150; conversely, if it loses this support, it could drop to the 114,200-112,600 area.
Ethereum shows a top reversal pattern and a waistline combination on the 1-hour chart, indicating that short-term upward movement faces resistance. The 4,530-4,550 range is a strong resistance zone, and it needs to pull back and gather momentum before aiming for above 4,700; if it fails to break 4,550 or the daily resistance at 4,580 during the day, it may retest the 4,255-4,185 support. In terms of operations, Bitcoin is currently set for a short entry range of 117,500-118,000, with an additional buy at 118,500, targeting 114,200-114,000; for Ethereum, focus on shorting opportunities in the 4,460-4,480 range, with lower targets of 4,335-4,255. Be cautious of short-term fluctuations and strictly set stop-losses.
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