In the early session, after BTC encountered resistance around 116800, there was no significant pullback; instead, it gradually broke through with a slow rise. The momentum continued to make a strong push, directly surging to around 119400 in the afternoon. The Ether performance mirrored this, dipping to a daily low of 3700 before quickly stabilizing and rebounding, making the possibility of hitting a new high in the short term extremely high. In the early session, our strategy for BTC had already provided an operational space of three thousand points, and Ether similarly offered a space of a hundred points.

From a technical analysis perspective, the overall stair-step upward trend remains intact, and the expectation for price to reach new highs still exists. On the daily chart, the pullback after the previous new high has fully confirmed the validity of the bottom support, and it is currently in a consolidation phase of sideways oscillation. As the momentum of the indicators gradually weakens with a death cross, once a golden cross is formed, it is expected to trigger a new round of bullish market. On the four-hour chart, the Bollinger Bands are in a sideways consolidation pattern, with prices temporarily operating within a downward trend line. The next focus is on the key resistance level of 119500. If it can break through strongly, it will drive further bullish volume, pushing the oscillation range upward and helping BTC to launch an attack towards the 120k mark.

After comprehensive analysis, the subsequent operations still maintain a bullish perspective: BTC can attempt to place long positions around 118500, with a target aimed at 121000; Ether is recommended to be gradually entered in batches within the 3755-3780 range, with a short-term target looking towards 3850. #btc#