Regarding Ethereum, I believe it's still in a bull market cycle, and the overall trend remains unchanged. Looking at Bitcoin, it's currently only in a period of consolidation. Without sufficient market volatility to absorb the fluctuations, the market will struggle to build sufficient momentum, and subsequent rebounds will lack room. Judging from the current situation, Bitcoin could rebound without waiting too long. Further downside is very limited, and the RSI indicator is currently in extremely oversold territory, which suggests a high probability of triggering a technical correction. Regarding Ether, consider placing long positions in the 4520-4550 range at midnight, with targets set at 4620, 4730, and 4830, respectively.
For Bitcoin, key daily support has been broken, and with no further support from institutions, a clear "shark" pattern has emerged. Lower support is key around $108,000. A pullback to this level would be a highly cost-effective opportunity to buy the dip. Holding positions until year-end, coupled with a mini-bull market fueled by two or three interest rate cuts, could push BTC towards the $130,000-150,000 range. In the short term, we are monitoring the breakout signals of the double bottom pattern while anticipating the potential for a "small shark" pattern-driven market swing. Tonight, we can place long positions in the 111,900-112,300 range, with targets at 113,600, 114,600, and 115,600, respectively.
