The BTC market exhibited range fluctuation characteristics in the early morning, with the price consistently oscillating between 117300 and 118800 in the trading range. The strategy of placing orders near 117500, proposed based on technical analysis, has been effectively validated during the market fluctuations, successfully capturing a profit margin of nearly k points. Currently, after a brief surge to 118684, the price has entered a high-level consolidation phase.

From the daily level Technical Analysis, the BTC trend shows an alternating rhythm of rises and falls. Although the Bollinger Bands maintain an upward opening, the consecutive rebound highs are gradually lower, forming a clear "divergence" characteristic. At the same time, the MACD indicator's red bars are continuously shortening, suggesting that bullish strength is gradually weakening; the KDJ indicator has formed a downward crossover, and the RSI indicator is also starting to turn down. These signals collectively indicate that the short-term market lacks upward momentum and has a strong demand for correction. Switching to the hourly candlestick chart, the BTC price has constructed a wedge rebound pattern, currently running to the convergence end of the fluctuation range. This technical pattern, similar to a triangle consolidation, is often a precursor to a trend reversal. Once the price breaks below the support level, the market is likely to initiate a new downward trend. It is recommended that everyone closely monitor the market movements and timely adjust their operating strategies.

BTC near 118600 can be lightly entered into the trading range, with a target of 117300. Depending on the situation near the target point, adjustments can be made, but intra-day operations should still focus on range trading.
Ethereum has clearly stopped falling and stabilized, you can consider entering around 3560, with a target near 3640.