What's the situation with Bitcoin and Ethereum on Sunday:
On the Bitcoin side, the 1-hour level is still oscillating back for a pullback, and the 4-hour K-line trend is gradually recovering. We need to closely monitor the support near the position of 114,300. If the 4-hour level effectively breaks below this position, the price may continue to fall. If the 4-hour doesn't break below and rebounds, the short-term resistance is likely around 116,700.
Now let's take a look at Ethereum, its trend is stronger than Bitcoin. The 1-hour level is oscillating in a relatively low range, and the Bollinger Bands have contracted to only 70 points, which indicates a possibility of a breakout during this Sunday.
At the 4-hour level, although the price reached a historical high and then pulled back, it is still above the MA7, showing a strong trend. The daily level has also touched a historical high, but the selling pressure and turnover situation are not obvious, and there are no effective top signals. From this perspective, the Ethereum trend is better than Bitcoin's.
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