From the current performance of Bitcoin and Ethereum, the upward trend momentum has shown significant suppression.

Using the 4-hour candlestick chart as an observation dimension, Bitcoin briefly rebounded last week and rose above the middle Bollinger Band, but failed to maintain the upward momentum afterwards. After reaching a key resistance area, it quickly fell back, forming a clear false breakout pattern. Currently, it has re-entered a downward consolidation channel, and combined with the fact that subsequent tests have not broken through the resistance, the likelihood of a short-term rebound is relatively low.

Suggestions

Bitcoin: You can consider buying around 113000-113500, targeting 111500.

Ethereum: It is recommended to buy around 4730-4760, targeting first at 4600. #ETH创历史新高