$ETH Market Analysis: From the four-hour chart, Bitcoin and Ethereum have seen a technical rebound after two consecutive declines, but the rebound is weak. The bullish candlestick bodies are shrinking and accompanied by long upper shadows, indicating significant selling pressure from above. Although the KDJ indicator shows signs of a golden cross, the three lines are converging, indicating that bulls and bears are still in a fierce battle and no clear direction has been formed. On the one-hour chart, the price continues to fluctuate narrowly within the lower and middle Bollinger Bands. Both bulls and bears lack sustained momentum. Despite repeated attempts to break through key resistance levels, the market has been unable to effectively break through, and market sentiment is cautious and wait-and-see. Short-term trading is recommended to focus on range-bound trading: Bitcoin can be bought lightly around $117,000, with a target of around $118,500. For Ethereum, focus on the $4,400 support level. If it stabilizes, participate in the rebound, with a target of $4,550. It is important to strictly control your position and avoid chasing highs. Wait until the price breaks through key resistance levels before considering increasing your investment. Still unsure how to trade in this market? Follow me, I'll give you strategies, and your execution is up to you! There are only so many positions, so be quick! $BTC $ETH #CryptoMarketPullback #When will the alt season begin?
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