Evening Analysis:
The price of Bitcoin has still not broken through the key resistance area of 118800-119300, and overall it continues to show a downward oscillation, remaining within a converging triangle pattern. The structure is complex, market sentiment is cautious, and bearish forces are gradually strengthening. In the short term, both technical patterns and indicator analysis suggest that the price may continue to pull back, testing the critical support levels around 117800 or 116500. Meanwhile, the key resistance levels above at 119380 and 119800 may become difficult to break through. The triangular convergence pattern implies that the price may continue to fluctuate within this range in the short term. After a surge this morning, Ethereum has been moving sideways and stabilized at the support level of 3850. Although there was a breakthrough in the evening, dropping to around 3820, the overall performance has been relatively weak, with the decline gradually converging. The presence of a doji on the candlestick chart and the support zone indicates that the market may experience a technical slight rebound, but the probability of continuing the downward trend after the rebound is high. Support and Resistance: Resistance levels at 3850, 3890; Support levels at 3735, 3600. Trading Suggestions: For Bitcoin, buy on a pullback around 117800-118100, stop loss at 116800, target around 118900-119300, and if broken, look for 119900-120300, otherwise short.
For Ethereum trading suggestions: buy on a pullback around 3800-3810, stop loss at 3770, target around 3850-3870, and if broken, look for 3890-3910, otherwise short.
The market is highly volatile, so pay attention to risk control and take profits when safe.
Still, the same saying: if you are still losing in the crypto market, then one thing I often say is: "It's not that you can't do it, it's that the method is wrong."
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