The cryptocurrency market is experiencing a fierce surge, sparking investors' dreams of a "moon trip." Let's calmly analyze the current situation, paying special attention to the technical aspects and market dynamics of Bitcoin (BTC) and Ethereum (ETH).

Bitcoin technical analysis:
BTC is currently at a delicate balance point. The MACD indicator shows that there is still upward momentum in the short term, but the RSI is close to the overbought zone at 70, suggesting a possible adjustment may be imminent. The KDJ indicator indicates that the overall trend is strong. It is expected that BTC will fluctuate between the support level of $118,931.5 and the resistance level of $120,769.9. If it breaks through the resistance level, it may continue to rise.

Ethereum technical analysis:
The short-term outlook for ETH is relatively cautious. The KDJ indicator has shown a death cross, and the RSI also indicates overbought conditions, both suggesting significant adjustment pressure. The MACD fast line is below the slow line, further confirming the short-term bearish signal. The key support level is at $4,543.59; if it can hold, a rebound to the resistance level of $4,710.83 may occur.

Market sentiment and macro factors:
Market expectations for a potential interest rate cut by the Federal Reserve are strengthening, which may stimulate more funds to flow into the cryptocurrency market. Institutional demand for BTC and Ethereum continues to grow, especially with significant fund inflows into the Ethereum ETF, providing strong support for price increases. In addition, the news of XRP being adopted by the Federal Reserve's internal payment system has boosted overall market confidence in mainstream cryptocurrencies.

Comprehensive Outlook:
Bitcoin may break through the resistance level of $120,769 after a short-term fluctuation, with the potential to challenge $125,000 or even higher levels. However, investors should be cautious of the pullback risks associated with overbought conditions. Ethereum, although facing adjustment pressure in the short term, still has the hope of rebounding above $4,700 as long as it holds the key support at $4,543. In the long run, the upward trend of ETH still exists.

Whether it is Bitcoin or Ethereum, the current market shows a strong upward momentum. However, rational investors should always pay attention to technical indicators and macro factors, and while chasing high returns, they should also manage risks effectively. The volatility of the cryptocurrency market remains significant, and investment decisions need to be based on comprehensive analysis and individual risk tolerance.