Analysis at 7:22 AM
The Bitcoin surged to 119,672 yesterday before retreating to 117,471. From the current situation, 117,400 is a strong support level.
On the 1-hour chart, the K-line has started to turn upwards, and the Bollinger Bands are flattening out, indicating that it is overall within a consolidation range.
Suggestions
For Bitcoin, buy around 117,400-116,600, targeting the range near 118,500-119,500.
For Ethereum: Buy around 3,750-3,720, targeting 3,790-3,830; if it breaks past that, look towards 4,000.
