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BTC: Bitcoin has been in a consolidation phase over the weekend, failing to break and stabilize above the 119,000 level. The weekly chart also shows a downward-facing bearish candle, indicating a potential downward adjustment. On the 4-hour chart, there is some support near the ascending trendline around 115,500, which cannot be effectively broken. If this level is lost, a larger-scale correction will begin. The small-level pressure zone remains around 119,500-120,000.
ETH: Ethereum is showing slightly stronger performance, with 4,320 being a strong support level. As long as this range is not broken, there won't be a significant level of retracement. However, the resistance at the 4,550 level above is quite evident, and there is considerable upward pressure, leading to larger fluctuations within these two ranges in the short term.
For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.
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