7.30 Wednesday morning Bitcoin Ethereum market analysis and trading suggestions

In the early morning, Bitcoin continued to consolidate in the range of 117000 to 118000, while Ethereum's price pulled back to a low of 3716, and then launched a strong rebound, reaching a peak of 3794.
The current market trend is showing a rebound. From the 4-hour chart, especially near the key support level, there have been multiple candlesticks with long lower shadows, which fully demonstrates the strong buying pressure in the market. Whenever there is a pullback near the lower support, active bullish players emerge to protect the market, causing the price to stabilize and rise quickly after touching the support area. This technical characteristic of repeatedly testing the support level without breaking it verifies the effectiveness of the support below, and we continue to expect a wave of bullish recovery in the morning.
Bitcoin: Can go long near 117500, short-term target 119500
Ethereum: Buy around 3750, short-term target 3850