Asset Support Level Resistance Level Short-term Trend Key Observation Points
BTC 112,300 - 113,000 117,500 - 118,600 Weak Fluctuation Can it stabilize at 115,000 and break through 117,500
ETH 4,000 - 4,100 4,300 - 4,380 Waiting for Direction 4,300 is a key psychological level, a breakthrough would look at 4,450
Operational Suggestions
The idea of buying on dips you mentioned is a strategy many investors adopt in a fluctuating market, but it is essential to control risk:
Bitcoin:
Entry Reference: The area you mentioned around 112,700-113,200 is a potential support zone.
Target Price: In the short term, you can initially look at around 115,000. If it can break through and stabilize at 117,500, it may further explore 119,500-120,000.
Risk Control: If the price falls below important support levels such as 112,300 or 111,900, be wary of further retracement risks.
Ethereum:
Entry Reference: The range around 4,100-4,140 that you are focusing on is an important support zone mentioned by many analysts.
Target Price: The primary short-term target is 4,300 USD. If it can strongly break through resistance levels of 4,380 or 4,450, it may open up greater upside potential.
Risk Control: If it effectively falls below the 4,000 USD level, it may test deeper support.
Current Market Bullish and Bearish Views
There are differing opinions in the current market regarding future trends:
Optimistic View: Believes that the current situation is a healthy correction, with a long-term bullish outlook. For example, some analysts predict that if ETH can test the 4,000 to 4,100 USD range and rebound strongly, it will be a typical bullish signal, potentially looking at 5,000 USD or higher in the long term; BTC also has views looking at 130,000-140,000 USD, and even 180,000-200,000 USD in the longer term.
Cautious View: Points out short-term risks. For instance, some analyses suggest that 4,300 USD for ETH is not a solid support and should be wary of a retracement; if BTC loses key support, it may face further retracement risks.
