Bitcoin is currently showing a bearish trend on the daily chart with increased selling volume, opening around 115700 in the morning and exhibiting a weak trend. On the four-hour chart, the bearish momentum has intensified close to its peak, and in the short term, the support level around 114000 is worth monitoring. On the hourly level, although the bearish pressure has somewhat subsided, the rebound volume is not strong, and there is some short-term resistance around 116000, resulting in a generally weak oscillation.
In terms of operation, if Bitcoin retraces without breaking the 114000-114500 range, it may be considered to buy at low levels, with the initial target set at the 115600-116500 range. Overall, it is not suitable to chase after price increases now; rather, it is more about relying on support for low buys to anticipate short rebounds.
As for Ethereum, after a short-term adjustment, it has also entered a critical support zone. Pay attention to whether it holds above 3530-3560, as there are also opportunities for low buys, with targets looking towards the 3680-3750 range.
Currently, market sentiment is cautious, and the short-term bullish approach can still be attempted, but operations should control the rhythm, focusing on quick entries and exits to prevent bearish pressure from taking a toll at the end of the trading session.
