Bitcoin encountered resistance at the 120,000 mark yesterday, resulting in the expected pullback. Ethereum also experienced a decline after approaching the 3,950 level. This short-term pullback is an inevitable phenomenon for the healthy development of the market, and investors need not worry excessively.

Currently, the key is to focus on the support levels during the pullback process and look for appropriate entry opportunities. From a short-term 1-hour perspective, Bitcoin has not broken the support level at 117300, which means the upward trend is still continuing.

For Bitcoin, attention can be focused on buying opportunities in the range of 117000 to 117800, with an upward target set at 119000 to 119500. As for Ethereum, the range of 3750 to 3780 may provide good entry points, with target prices between 3850 and 3900. If this range is broken, the next target may be around 3980.

It is worth noting that there may also be opportunities with other cryptocurrencies in the market. Investors should closely monitor market trends, manage risks appropriately, and seize potential investment opportunities. In this rapidly changing market, it is crucial to remain calm and rational.