BTC has not broken the range, ETH may face a short-term pullback!

BTC Market Analysis

Bitcoin is still maintaining a high-level fluctuation within the range of $120,000–$116,000, with no clear breakout direction in the market for the time being. From an overall structural perspective, Bitcoin is in a stage of accumulation.

Upper resistance level: 120,000 This is the main resistance area at this stage. If the price breaks through and stabilizes above this level on a daily basis, it is expected to drive the market further upward, challenging higher target levels.

Lower support level: 116,000 USD

This level constitutes the lower edge of the range and is also an important defensive area for the short term. If the daily price breaks below and confirms a close below this level, it will be seen as a signal of weakening market, significantly increasing the probability of a downward trend.

It is worth noting that the support below 116,000 is relatively weak. Once it is lost, it may lead to a rapid pullback, with substantial space available.

Strategy Recommendation:

Currently near the mid-range of the fluctuation zone, it is recommended to focus on high shorts and low longs, with quick entries and exits.

ETH Market Analysis

Ethereum is currently near the $3,800 level, and the short-term performance remains relatively strong. However, the MACD on the daily level has formed a dead cross above the zero axis, which is a relatively clear technical bearish signal.

At the current level, blindly chasing long positions is not recommended. A short-term light position attempt for short layouts is a more prudent strategy.#以太坊十周年 #币安HODLer空投TREE #稳定币热潮