Brother Yong looks at the BTC and ETH market at dawn: this hidden danger needs to be monitored closely!

A few days ago, when the market rebounded, the trading volume did not significantly increase. What does this indicate? It indicates that during this wave of rise, not many people are willing to chase higher prices; the foundation of the rise is not solid at all.

If the key levels are approached next and the trading volume still doesn't keep up, false breakouts are particularly likely to occur—looking like it has broken through, but then it comes crashing down quickly.

Especially for BTC, if it repeatedly tests $115,000 and still cannot break through, the bulls' strength will be quickly exhausted. At that time, those who made money earlier will surely sell, and once selling pressure emerges, the price will likely fall back.

First, let's look at the support level; the most crucial one is $113,500. If this level is broken, the short-term upward momentum will weaken, and it is more likely to test $112,600 next, or even drop down to the strong support at $111,875.

Therefore, Brother Yong's view at dawn is bearish.

BTC is recommended to consider shorting around $114,500 to $115,000, with the first target at $113,500. If it weakens, then look for around $112,000.

ETH: short around $4,420 to $4,460, target $4,370 to $4,300! #BTC走势分析 #ETH走势分析