Good afternoon everyone! Here is today's market data interpretation for Bitcoin (BTC) and Ethereum (ETH):

1. Bitcoin (BTC):
Yesterday's trend: Successfully broke through $116,000 yesterday, reaching a high of around $116,700 but failed to continue rising, resulting in a pullback, with a low dip to around $115,500 before quickly rebounding above $116,000.
From midnight until now: Between 3-4 AM, it broke through 116,700 again, reaching a high of around 117,500, and then entered a slight pullback for consolidation (market data), with a low of 116,800 before restarting the upward trend. In the morning, it has already reached a high of around 117,600.
Current strategy: As long as the price does not effectively break below 115,000 on a pullback, the overall outlook remains bullish. However, for long positions (low longs), patience is required to wait for an ideal entry point, and it is recommended to accumulate in batches in the range of 116,000 - 115,000. Entering positions too high will compress profit margins.
Yesterday's strategy review: The long strategy at 116,000 suggested during last night's live broadcast (ultra-short/short-term) has reached a target of 116,700 and can be closed for profit; for slightly larger positions, targets can be set at 117,200 - 117,800. The current price has basically reached this target range.
Key level reference:
Resistance above: 117,800, 118,500
Support levels: 116,500, 116,000, 115,600, 115,000
2. Ethereum (ETH):
Yesterday's trend: After a surge to around 3860 last night, there was a pullback, with a minimum spike down to 3777 before rebounding.
Since this morning: A new high of 3925 was reached again in the early morning, after a slight pullback to around 3880, starting a new round of upward movement, with a maximum touching 3935 (only 10 USD away from the previous high). The current price has surpassed the previous high, and the trend shows signs of testing the 4000 level.
Current pressure: Approaching strong resistance area (4000, 4100 are both key resistances). It is difficult to achieve a significant breakout in the short term, and it is expected that when the price reaches these areas, short-term traders will choose to take profits.
Operation suggestions:
It is not advisable to chase highs: opening a short position immediately after just breaking the previous high carries a high risk (it is difficult to make a profit).
3800
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