Evening Analysis: The price of Bitcoin has still not broken through the key resistance area around 118800-119300. Overall, it continues to show oscillating downward movement and is within a converging triangle formation, with a complex structure. Market sentiment is cautious, and bearish strength is gradually increasing. In the short term, both technical patterns and indicator analysis suggest that the price may continue to pull back, testing key support around 117800 or 116500. Meanwhile, the key resistance levels above at 119380 and 119800 may become difficult to break through. The converging triangle formation implies that the price may continue to fluctuate within this range in the short term.
Ethereum has been consolidating after a surge this morning, finding support at 3850. Although there was a breakthrough in the evening, the lowest drop reached around 3820, the overall performance remains weak, with the degree of decline gradually converging. The presence of a doji and support range on the candlestick chart indicates that the market may experience a slight technical rebound, but the likelihood 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: Buy Bitcoin on a pullback near 117800-118100, with a stop loss at 116800 and a target of around 118900-119300. If it breaks this level, look for a target around 119900-120300; if it does not break, consider shorting.
Ethereum Trading Suggestions: Buy on a pullback near 3800-3810, with a stop loss at 3770 and a target of around 3850-3870. If it breaks this level, look for a target around 3890-3910; if it does not break, consider shorting.
The strategy is for reference only. Market fluctuations are significant; pay attention to risk control and take profits to ensure safety.
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