Thursday evening Bitcoin Ethereum market analysis and daily summary

The evening market moved relatively smoothly, not bouncing around like before. After the big coin fell back to a low of 117923, the bulls gradually recovered, reaching a high of 119437. Lao Tian closely followed the market and accurately grasped the situation. If you can't catch Lao Tian, there's really nothing more to say. In the morning, Lao Tian reminded friends to first take a wave, and the actual market hit the low near 117300 as expected. After that, it built a bottom and stabilized, starting to rebound. Lao Tian decisively entered the market, securing a profit of 1031 points by the afternoon. As for Ether, the trend is quite similar. During our midday analysis, we observed significant pressure above, entering the market and gaining 76 points. After hitting the bottom at 3530, it began to rebound. We again turned to guard a space of 61 points.

From a technical perspective: The short-term technical analysis confirms a top adjustment, with a large range and fast pace, and the low points are still being confirmed. From the four-hour level, the starting point is around 120000, with a drop to the 117000 line, the first adjustment wave space has been fully released. Currently, the coin is in a corrective rebound, and the key point is to observe the second resistance and fall. Core resistance: the 119000 level is near the upper Bollinger band on the four-hour chart, and the coin has lost the four-hour middle band, showing a slight acceleration downward signal. Evening strategy: If the weak adjustment pattern continues to form an effective wave, then short-term operations should use the middle band as defense, focusing on the rebound to the resistance area for pressure signals, and looking for opportunities to enter short positions. The short-term real trading is at a high level, waiting for higher levels to short more safely; if the upward momentum remains strong, then a reversal can be made again.

Operational Recommendations:
Look at the range of Bitcoin 118800-119100, near 116000.
Ether 3720-3750 range, looking at around 3580.
Bitcoin defends above 119500, Ether defends above 3750.
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