$BTC
Target near 132,000
The overall upward trend remains unchanged, but there is a short-term fluctuation and pullback.
123,000 USD is just a short-term peak, far from the end of this round of increase. A subsequent breakthrough of 132,000 USD is highly likely, but this process will not happen overnight.
On the 4-hour chart, Bitcoin has fallen below the support near 119,000.
Bears temporarily have the upper hand, with support returning to around 115,000.
Entering a fluctuation and pullback phase, it is expected that after this stop-loss rebound, it will first rise to around 120,000, and then may go down again. If the pullback is moderate, it may stabilize around 115,000.
As long as it does not fall below 114,000, the upward trend still has continuity; the real market may only just be beginning.
Looking at Ethereum, after a high surge, a pullback of over 100 points has occurred, also entering a pullback trend.
The support level is around 3,300, and further down, the support looks towards around 3,260. As long as the pullback does not break the key support level, one can patiently wait for a suitable entry opportunity.
Specifics still depend on the fluctuation structure for the next step of judgment.
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