Tuesday Night BTC/ETH Analysis and Operations: Battle Between Bulls and Bears

Yesterday, the Bitcoin daily chart closed with a solid bearish candle, directly reaching the MA120 daily moving average, which serves as a key medium-to-long-term support and resistance level. The outcome of this moving average directly determines the direction of the short-term trend, making it a "stabilizing force" in the current market situation.

If it effectively breaks below the MA120 support, the daily structure will completely shift to a bearish dominance, and it is highly likely to explore lower support zones afterwards; if it can stabilize near this moving average and release a rebound signal, there is a short-term hope to initiate a pullback towards the MA256 moving average on the 4-hour level. It should be noted that the overall trend is still predominantly oscillating bearish, and the rebound situation needs to pay close attention to the resistance strength at 113500, as breaking through this level is quite difficult.

On the operational level, it is recommended to closely monitor the MA120 support contest, and to follow the trend after the direction is clear.

Short BTC at 113400-114200, first look at 112000, then look at 111000.
Short ETH at 4220-4250, first look at 4150, then at 4080. #BTC #ETH #加密市场回调 #狗狗币ETF进展 #今天你用C2C神盾了吗