The fluctuations of the K-line in the cryptocurrency world are merely the breaths of wealth; the true winners are those who remain clear-headed when others are greedy and see the dawn when others are fearful. Bitcoin rebounded to around 117900 after hitting a low of 117249 in the early morning. Ethereum fell to a low point of around 4425 and then rebounded to around 4535 for consolidation.
In the short term, Bitcoin is focusing on the support range of 117000-117500. If it stabilizes, it is expected to test the resistance range of 118500-119800; the 4-hour chart shows a MACD dead cross declining in volume, but a KDJ golden cross indicates a demand for rebound. The key support level for Ethereum is at 4400, with the trendline resistance at 4530-4550. A breakout above this level could lead to a target of 4620. Currently, the market is in an oversold rebound cycle, but overall it still shows volatility. Caution is needed regarding macro data risks; if Bitcoin drops below 116000, it may test 114000, and if Ethereum loses 4400, it could accelerate down to 4250. It is recommended that conservative investors wait for directional confirmation, while aggressive investors should operate with small positions at key levels and set stop-loss orders.
Bitcoin recommendation: Lightly buy around 117300-117500, aiming for 119800-120000; if it rebounds to 119800 and faces resistance, consider shorting.
Ethereum recommendation: Directly buy near the current price of 4530, targeting 4620, or short at 4550, and look to set up buy orders on a pullback to 4430-4450.
