You thought you were done, just when you heavily invested, the K-line turned and hit a new low for you; you gritted your teeth and cut your losses, and it immediately rebounded to a new high, even drawing a perfect 'mocking doji' at your loss position. In the early morning, Bitcoin fell from around 114200 to a low of 112800, then entered a consolidation range of 112800-113600, currently organizing around 113000, overall showing low-range fluctuations, with a slowdown in downward momentum. Ethereum also fell back, moving down from around 4200 to the 4164-4111 range.
In the short term, attention needs to be paid to the lower support at 112800 and the upper resistance at 113600. The forces of bulls and bears are balanced within the range. If it breaks the upper limit or approaches 114200 and continues to face pressure, it may extend the duration of the fluctuations. Ethereum's volatility has narrowed, in a low adjustment state, with key lower support at 4111 and upper resistance at 4164. The situation of breaking through the range will guide the short-term trend, and caution is needed for a one-sided market after the breakthrough. Overall, both are in a low-range consolidation, and in terms of operation, attention can be paid to the breakthrough situation at the upper and lower edges of the range. When there is no breakthrough, the focus should be on high selling and low buying within the range to avoid blindly chasing positions.
Bitcoin suggestion: Short around 113500, target 112000-111800
Ethereum suggestion: Short around 4120-4150, target 4000$BTC
