Wednesday morning Bitcoin Ethereum market analysis and trading suggestions

During the early morning period, Bitcoin once again dipped, reaching a low of around 116900 before rebounding. The overall market still oscillates around the range of 118000-117000, with limited fluctuations. Observing the chart, the support effect at the 117000 level is significant, as multiple tests have failed to break below effectively. Currently, Bitcoin is around 117800.
Four-hour level: After two consecutive bearish candles tested the lower Bollinger Band, bullish forces are attempting to rebound. Currently, both bulls and bears are in a brief stalemate, with the momentum for rising and falling showing a tug-of-war situation, and the market is in a phase of equilibrium. Weekly level: Bitcoin is still in an upward channel overall, and the long-term upward trend remains unchanged. The moving average system maintains a bullish arrangement, indicating that the overall market pattern is still relatively strong.
Operation suggestion:
Buy near 117400-117000 for Bitcoin, target focus on 119500.
There are many near 3760-3740, focus on the target 3880.
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