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In the afternoon, the BTC market was calm, fluctuating around 118900, with both bulls and bears caught in a brief stalemate, creating a tense atmosphere of anticipation in the market. Meanwhile, Ether, after experiencing a surge, is currently stabilizing around 3880, suggesting that the market is at a critical point of directional choice, with a new round of market movement on the horizon.
From the technical analysis of the 4-hour structure, after experiencing a strong upward trend, the price began to come under pressure and fell after touching the upper Bollinger Band. It is worth noting that during this round of correction, the trading volume has shown a gradual contraction, forming a clear divergence between volume and price trends. Although the K-line has recorded three consecutive bearish candles, the decreasing trend in trading volume clearly indicates that the market's selling pressure is relatively weak, and the bearish forces have not yet truly formed a climate. The three lines of the Bollinger Band continue to diverge upwards, clearly indicating that the overall upward trend of the market has not changed; although the red bars of the MACD indicator have shortened, the fast and slow lines have always maintained above the zero axis, and the distance between the two lines has basically remained unchanged. This signal shows that the bullish forces still dominate. This adjustment pattern of exchanging time for space is usually a typical manifestation of the market accumulating energy for the subsequent outbreak of the trend. Based on the current technical formation analysis, it is recommended to maintain a low-buying operation mindset in the evening.
Buy BTC in the range of 118300-117800, targeting around 119500, and buy Ether near 3850-3830 with a target aimed directly at 4000.