Bitcoin and Ethereum Market Analysis

1. 4-Hour Trend Analysis

In the 4-hour timeframe, the downward trend is exerting pressure, with prices at a critical technical point. If the resistance level is broken tonight, this round of bottoming may conclude, leading to a peak and entering a consolidation range.

If not broken, the price is likely to decline, potentially experiencing a false breakdown, breaking the previous low before rebounding to complete the consolidation.

2. Key Operations and External Factors

The key to operations lies in whether the breakout occurs. The data signals are not strong, and we need to pay attention to the performance of the US stock market tonight, as it may have a correlated impact on the cryptocurrency market and influence the market trend.

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