After Bitcoin rose to $120,000, there was significant pressure above, and it began to pull back. The current real-time price is $118,000, down nearly 2,000 points. Ethereum has dropped from $3,860 to around $3,670, a decline of nearly 200 points. From the current trend, the market is gradually shifting from bullish to bearish, and it needs to test the support levels below.

For Bitcoin, pay attention to the support level at $115,000, and for Ethereum, the support at $3,500 is crucial to monitor this evening.

Technical Analysis:

Currently, the MACD green energy bars are gradually increasing, while the KDJ has formed a death cross, and the Bollinger Bands on the four-hour chart are gradually opening. The market is showing a further downward trend; this evening, Bitcoin is expected to test $115,000, and Ethereum $3,500.

Trading Suggestions:

Short Bitcoin near the current price of $118,000 with a target of $115,000.

Short Ethereum near the current price of $3,650 with a target of $3,500.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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