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Let's follow the market trend again.
Although the price moved out of the Fan pattern yesterday, the subsequent supply shortage has not stabilized in an upward trend. The daily chart still maintains a consolidation pattern, and the intraday fluctuation range is continuously compressing. If it breaks below the 116000 level, it may test the support at the 115000 level. Currently, it is vibrating at a low position within the range, with relatively strong support, and the overall upward trend remains unchanged. The MACD indicator is showing a flat trend, and it is expected that the weak oscillation pattern will continue. There is still a risk of price retracing towards the lower support during the day.
Ethereum has once again surged strongly to the 3824 level, continuously climbing upwards. The bullish forces are unstoppable, and the strength is undeniable. This wave of bullish momentum has not received a significant correction from Zhen. We remain optimistic about Ethereum's rise and expect it to challenge the 4000 mark.
Currently, the short-term resistance for Bitcoin is at the 120,000 level, with short-term support at the 115,000 level; Ethereum's resistance has moved up to the 4,000 level, with support at the 3,500 level.