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Let's follow the market trends again.
In the early morning, Bitcoin retraced to the 116640 level and initiated a Fan rebound. From a daily perspective, Bitcoin is currently hovering around the Bollinger Bands, having been in a range-bound oscillation since probing the new high of 123300. Overall, there are constant upper and lower shadows, and the range is showing continuous bullish and bearish candles, indicating strong market momentum and continuous opportunities for us. The Bollinger Bands are in a contracted state, which signifies that the market has not yet released any obvious volume signals. This means that in the short term, the momentum between the bulls and bears is tending towards balance.
Ethereum hit a recent high again during yesterday's trading, with the high testing the 3856 level facing resistance and pulling back, currently falling to the 3700 level. From the overall trend, the upward trend has not changed. Moreover, the recent market has continued to show a pattern of new highs, which undoubtedly has injected a lot of confidence into the market.
Currently, Bitcoin's resistance is at the 120,000 level and support is at the 115,000 level; Ethereum's resistance is at the 4,000 level and support is at the 3,500 level.