Midday Market Update

Bitcoin surged to 116000 in the morning session before facing pressure and retreating, hitting a low around 114000, then fluctuating back to the 115000 area for consolidation; Ethereum followed a similar trajectory, declining from 3722 to a low of 3582, then rebounding to around 3625 for oscillation.

Technical Analysis

- Bitcoin's daily candlestick shows an increasing bearish volume pattern, with an opening price of 115700 in the morning;

- The four-hour timeframe shows bearish energy has peaked, with a short-term support level at 114000;

- The hourly chart indicates a contraction in bearish volume, closing with a bullish candlestick, with resistance at 116000 above and support at 113800 below, indicating a short-term downtrend.

Evening Trading Strategy

- Bitcoin: It is recommended to set long positions in the range of 114100-114600, targeting 116000-116500, with a stop loss at 113500;

- Ethereum: You can attempt to go long in the 3560-3580 range, targeting 3650-3680, with a stop loss at 3500.

The above is a personal opinion for reference only, and actual operations should be adjusted based on real-time market conditions.