#ETH# In the morning session, BTC briefly surged to the 120247 level but failed to stabilize above the 12w mark. Previously, we also pointed out that based on the stability of the market, it was advisable to get on board at the right time. Clearly, the price pullback has provided some strength, with a downward range of a thousand points for operations. Currently, the price has returned to around 119300 for oscillating corrections. The Ether trend is different; looking at a longer time frame, after experiencing a deep pullback earlier, it completed a pattern transformation last night, and the price is still slowly oscillating upwards within the upward channel. The bullish outlook for Ether has been consistently validated, provided that key levels are well managed, and doing so at lower prices is advisable.

In the four-hour cycle of Ether, the Bollinger Bands are gradually narrowing, indicating a slowdown in short-term volatility. The MACD red bars are shortening, and the KDJ three lines are turning upwards. Considering the trend of BTC, the market may welcome a trend rise. In the short term, pay attention to the key resistance level of 3830 above, as well as the stability of the mid-band support. In the short term, BTC is in a narrow range of fluctuations, with a focus on the lower level of 119000. If the downward movement does not continue, it may rebound again.
BTC can be bought around 119000-118700, target 121000, Ether can be bought around 3720, pay attention to the defense at 3680 below, target upwards looking at 3780-3820.