Black Friday has been sideways for so long, are you all ready to welcome the storm when the market moves significantly?

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Bitcoin dipped below 120,000 at midnight yesterday but rebounded to 121,800. Today, it is operating within a volatile range overall. The 4-hour chart relies on the middle Bollinger Band for support and is showing an upward fluctuation. The 1-hour chart indicates a short-term consolidation phase. Currently, Bitcoin is in a local consolidation stage, and the moving average indicators are temporarily displaying a chaotic divergence. This phenomenon is a normal adjustment within the short-term market, suggesting that it may first digest short-term profit-taking through narrow fluctuations before potentially experiencing a slight upward trend after the moving averages realign. Considering technical signals across multiple timeframes, the main strategy for short-term operations on Bitcoin should remain bullish. One can consider entering long positions when the price retraces to the 120,500 - 121,000 range and shows stabilization signals, aiming for a target of 122,000 - 122,500, while setting a stop-loss below 120,000 to guard against extreme market risks.

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Ethereum rebounded to around 4390 after falling back to 4263 at midnight, and after breaking the 4200 level on the 4-hour chart, the Bollinger Bands opened upward. The middle band at 4280-4300 is the core defense for the bulls, and the expected pullback space is limited. For the short-term operation of Ethereum in the evening, it is necessary to closely revolve around the middle band support. As long as the price maintains above 4280, the bullish strategy should be adhered to. One can look for opportunities to enter long positions when the price pulls back to the 4300 - 4320 range, with a target looking at 4380 - 4400. If it breaks above 4400, then further upside to around 4450 can be considered; however, if it unexpectedly breaks below the 4280 support, it is necessary to promptly adjust the operational strategy, switching to a wait-and-see approach or lightly shorting, with a stop-loss set below 4250 to control risk.