#ETH# Yesterday's overall market trend can be described as a very tense and exciting roller coaster ride. In the early morning, the BTC price reached a relatively high level near 124500 and then began a slow decline. Around the time before the U.S. stock market opened, there was a rapid downward trend, falling from around 121000 to about 117600, a drop of over 3000. As for Ether, it was relatively stable, slowly rising, but at the same time, there was also a cliff-like drop, with a market drop of about 200 points. During a live broadcast in the afternoon, it was also mentioned that during the time before and after the U.S. stock market opened, those who did not have a firm grip or had a weak ability to withstand pressure could avoid this period and switch to other times.

From the daily chart perspective, Ether has formed a long bullish candlestick and is positioned above both short-term and long-term moving averages, indicating that bullish strength is dominating in the daily cycle. Looking at BTC on the daily chart, the moving average system shows a bullish arrangement, thus the bulls hold an absolute advantage on the daily chart, making the probability of subsequent price increases relatively high. In the short term, Ether has formed a head and shoulders bottom reversal pattern, and the neckline has been effectively broken, suggesting that there will be a price increase in the short term. In the short term, BTC is assessed using the MA indicators to determine the short-term trend, and the short-term chart has formed a rising wedge pattern, indicating that the upward trend in the short term is quite favorable.
#BTC#
BTC and Ether are both recommended to go long lightly, with BTC looking towards around 118500 in the short term and Ether looking towards around 4600 in the short term.