The market for Bitcoin has remained the same compared to Ethereum Classic, and now it can be said that Bitcoin is disappointing. Bitcoin peaked around 120300 and then experienced a slight pullback. Ethereum Classic, on the other hand, is relatively strong, having already risen by about 9% before the daily line has closed. Overall, it is still in an upward structure, so there is no need for everyone to worry too much; it's just a normal high pullback.

From the current four-hour level of Bitcoin, the market is under pressure after a rebound. When it previously broke through key resistance levels, it was accompanied by a significant increase in trading volume. In the short term, it is under pressure and pulling back to test support. Currently, the MACD indicator is still operating above the zero axis, and the bearish volume is further weakening. Short-term adjustments can also stretch better; a normal trend requires corrections to digest the profit-taking above and build momentum for subsequent upward movements.

As for Ethereum Classic, after breaking through key levels with consecutive bullish candles, it has pulled back to the 4160 support level, and it is currently oscillating above that position. From the four-hour level, the technical indicator RSI has not fallen below the overbought zone, and overall it is still in a strong range, indicating that the short-term selling pressure is mainly profit-taking, which has not changed the overall upward trend. The market's bullish sentiment remains dominant, especially in the daily structure, where it is already in a golden cross, and the three-line RSI is still in the overbought zone and opening upwards. We only need to wait for further extensions to elevate the overall market.

For Bitcoin, continue to pay attention to the area around 119300-119500, looking to place long positions, and watch for resistance at 121000.

For Ethereum Classic, the current price is around 4560-80 for long positions, with attention on 4670 and further breakout volumes around 4740-70. #ETH突破4400 $BTC #机构疯抢以太坊 $ETH