Today's market shows that Bitcoin surged to 116245 in the early morning before encountering resistance and retreating. After a morning dip to 115500, the rebound was weak, with a minimum testing the support level of 115032. Ethereum touched a high of 4768 in the morning but continued to be under pressure, falling to around 4606, showing an overall weak oscillation pattern.
Technical analysis: Bitcoin's four-hour Bollinger Bands continue to narrow, with a shrinking volatility range. The MACD bullish momentum is weakening but remains above the zero axis, and the hourly structure has stabilized at the support level. If the key support holds, the bullish structure remains valid.
Operational suggestions:
Bitcoin: Position long in the range of 114800—114500, target 117000
Ethereum: Position long in the range of 4580—4620, target 4700
