Yesterday morning at the 119700 line, a short position was suggested with a target of 117600, successfully reached with a gain of 2000 points; after a low point, it was judged that there would be a rebound opportunity, and in the afternoon it surged to 119000, gaining another 1400 points. One short and one long, the rhythm was relatively accurate.
Currently, the trend is skewed towards extremes, and a one-sided movement is hard to sustain, making chasing highs and selling lows prone to backlash. The rhythm still needs to stick to support and resistance levels for short-term trading.
As we approach the end of the month, on-chain data has piled up a bit, but there hasn't been a clear breakthrough in the trend here, so it may still depend on news coordination. Key attention should be on the resistance around 120000-120600 above, with 117000 being the critical support below. In the afternoon, the market is relatively strong, suggesting a light long position mainly between 118000-118500. If it can't break through the 119700-120600 range, then consider gradually laying out short positions.
Ethereum's short position near 3900 yesterday also realized nearly 200 points of space, confirming support today at 3720, with a bullish four-hour close, stabilizing in the short term. You can follow the rhythm of Bitcoin, first looking for a long move, and then observing short opportunities when returning to around 3900.
