Brothers, the night-time encrypted observation has arrived. Today we will talk about Bitcoin and Ethereum, with practical insights available throughout.

Bitcoin is at a stalemate; when will it break through?

Recently, BTC has encountered strong resistance at $118,600, repeatedly pushed up only to be smashed back down by selling pressure, resembling a double top. In the short term, it may consolidate or pull back.

Technically, both MACD and SMA are still above the long-term trend line, with the 50-day and 200-day moving averages providing decent support, but momentum indicators are showing some decline, so caution is advised. RSI is at 63, indicating there is still some room for upward movement. Trading volume shows that buying pressure at resistance levels is weakening, and bulls are about to run out of steam.

Operational suggestions:

Want to go long? Wait for BTC to truly break through $118,600 before entering; target $120,000 and above.

If it gets held down? Consider entering at lower levels around the support near $116,700.

Ethereum is gaining momentum; how high can it go?

ETH has recently surged, breaking through $4,200, targeting $4,400. The reason behind this: The Layer-2 ecosystem is becoming active, institutional interest is increasing, and long-term exposure in derivatives is rising.

Operational highlights:

The daily trend is clearly upward, with higher highs and higher lows, and even large holders on the chain are quietly accumulating coins.

Buy points on pullbacks are at $4,130–4,170, with a stop loss at $4,050, targeting $4,400–4,500.

Don’t overlook the macro environment.

The crypto space is not an island; the stock market, interest rates, and geopolitical events will all affect sentiment. Bitcoin and tech stock indices (NASDAQ) are also correlated, indicating that the crypto market is increasingly linked to big finance.

Mining dynamics are very important.

Behind the price of Bitcoin, miners are silently influencing the market. Hash rate, mining profitability, and pool activity can give you early signals of selling pressure or accumulation.

In simple summary:

BTC: Neutral to bullish, support at $116,700, resistance at $118,600–$120,000. Go long on a breakout of resistance, and also consider buying on support pullbacks.

ETH: Bullish, entry range $4,130–$4,170, target $4,400–$4,500, buy on pullbacks, set stop loss properly.

Brothers, this is the market situation. There’s no need to obsessively stare at the K-line for complex analysis every day; focus more on capital flow, support and resistance, and miner dynamics to seize opportunities while keeping a steady mindset.