In the afternoon, BTC is still in a narrow range oscillation pattern, but in the short term, the dominance of the market has not changed. The price dropped to around 116923 in the early morning, but the market sentiment has started to improve. As of now, the price has stabilized above the key level of 118000. The four-hour price reached the middle band and received strong support, with the Candlestick recovering four consecutive bullish candles, all showing longer lower wicks, indicating strong momentum in the market. It also suggests that there is intense competition within the range of 117000-118500. In the short term, we can focus on the level of 118500 to see if the price can break upward. If it cannot, this level will be the best exit point based on our morning strategy. From the one-hour structure, BTC is clearly within a downward channel, with high and low points gradually declining, and the daily increase is expected to be limited. Ether's movement is highly resonant; in the short term, we should pay attention to the resistance level of 3850. In the future, we can wait to see if it can break through the upper pressure, and follow our strategy to seize the entry opportunity in a timely manner. A pullback will be an opportunity to enter long positions.



BTC is around 117500, with a target of 119500. In the short term, watch for a break at 118500. Ether is around 3750, with a target looking up at 3920. Pay attention to the critical level of 3850.
BTC1.11%
ETH0.43%
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