As Saturday approaches, market fluctuations have narrowed. After the US stock market opened last night, the price fell all the way down to around 117230 and then entered a phase of consolidation; by the early morning hours, the price dipped again and fell below the 117000 level but quickly recovered. The price is currently still fluctuating around 117800. Ethereum's trend provided a certain pullback for correction, stabilizing after dipping to around 3480, and is currently recovering to fluctuate around 3530.

Hourly level trend analysis: The market is currently in a deep adjustment phase. After four consecutive bearish candles released selling pressure, the price comparison has gradually stabilized, entering a technical recovery market. In terms of technical indicators, the Bollinger Bands are opening downwards, and the short-term moving averages are flattening, reflecting a temporary balance of bullish and bearish forces; however, the medium to long-term moving averages still maintain a good bullish arrangement, further confirming that the medium-term upward trend has not changed. This correction has not only effectively released the selling pressure from short-term profit-taking but has also created numerous opportunities for low-level entries for future layouts.

You can go long on Bitcoin around 117200, looking at 119000. You can go long on Ether around 3500, with a short-term target of around 3580. #BTC#