1. #BTC Technical Analysis

The rise starting from 111920 is the final segment of the overall rise that began from 74508;

The current decline is nearing the point of erasing this last bit of the rise, and the level may have expanded to a correction against the rise from 74508 to 124474;

The rise from 74508 to 124474 may be the fifth segment of the overall rise that started from 15476;

Let's first assume several key support levels and observe the price performance upon reaching them, from near to far: 112000 (the starting point of the last segment), 108706 (today's price, daily MA120), 92503 (today's price, 3-day MA120), 74508 (the starting point of the ending diagonal).

Indicators:

The daily indicators of Bitcoin are neutral, while indicators below the daily level are bearish, and above the daily level are in the process of correction from a high position (overbought);

It is particularly important to note that if the daily bullish momentum continues to be weak, the weekly MACD will cross bearish. This is a large-scale indicator with relatively high certainty; if the weekly bearish cross is confirmed, it will either be a long-term correction (2024-03 to 2024-08) or a violent drop (2025-01 to 2025-04).

2. #ETH Technical Analysis

The E coin is representative in the overall market trend that started on April 8, whether in terms of the magnitude of the increase or in driving market sentiment, the E coin has replaced the position of Bitcoin in this round.

The rise starting from 3354 can be seen as wave 3 of 5 or wave 5 of the rise that began from 1300 (uncertain);

Currently, the daily indicators are in a correction process, and the MACD has not returned to the zero axis;

The large-scale indicators lag behind Bitcoin, and it is believed that it is still good to follow the main market; if the main market is doing well, it will outperform the main market, but if Bitcoin underperforms, it cannot hold up alone.