From a technical perspective, after the update of the current monthly K, the coin price is running near the MA5 moving average. The MA5 and MA10 moving averages are showing a slight upward trend, while the KDJ three lines are indicating a short-term pullback sentiment. The MACD's momentum is continuously shrinking, and the TD indicator has reached TD7, followed by a bearish K-line. From the perspective of K-line analysis, the current monthly K-level shows a sustained bullish arrangement with indicator divergence. If the K-line continues to form upper shadows and the coin price begins to show a downward wave, it would indicate that the market is about to reverse.

Looking at the weekly K, although the current Bitcoin MA30 moving average continues to rise, the MACD and KDJ indicators are showing a divergence in momentum. In the short term, the key resistance area is between 113500-116200, while the support level is still around 106200-102000. If Bitcoin's subsequent bullish pullback fails to break through any upper resistance, and the momentum breaks below the key support at the lower Bollinger Band, it can be confirmed that this bull market is about to end. In the last two months of this year, there is a probability that Bitcoin will test the resistance level again, but if it cannot break through in these two months, a bearish outcome for this year is inevitable.

Finally, looking at the daily line, after today's update, the momentum has started to exert force. From the K-line perspective, Bitcoin is currently in the adjustment phase of the first downward wave of the wave theory. The MA30 moving average continues to press down, and the coin price's high points are continuously declining. All indicators are leaning towards downward divergence, indicating that the bearish sentiment is dominant in the current market. Given the current market conditions, favorable information such as the Federal Reserve's interest rate cuts, inflation, and delayed tariffs cannot stimulate the crypto market, and without institutional buying, it is difficult to have significant short-term rebound opportunities. It is only a matter of time before it breaks below the key support level of 106200.

On the 4-hour chart, the current coin price is running near the lower Bollinger Band, and the MACD and KDJ indicators are showing a downward resonance. The continuous pressure from the MA30 moving average also adds pressure to the short-term market. Looking at the hourly chart, the current market still leans towards a volatile downward trend. For operations from evening to early morning, my personal view is to maintain a rebound high strategy.

Operation strategy: Buy Bitcoin in batches at 108000-109000. Target: 106000-104000, with a spike down to 102000. Stop loss: 109500.

No reference for going long at the moment.

Ethereum is in sync, with the key resistance level currently at 3750-3830. If the short-term rebound cannot break through any upper resistance, maintain a high bearish stance.

Operation idea: Buy at 3730-3780. Target: 3650-3550, with a spike down to 3480. Stop loss: 3810.

Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance, and caution is advised when entering the market.

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