Today is Monday, and it starts with a big move. After breaking through the resistance, the market is getting more exciting!
Currently, Bitcoin is showing a pullback after a high surge, a false breakout from the daily chart perspective. Today, a large amount of capital has fled, and the market surged to 105800 in the early morning, breaking through the short-term horizontal resistance before pulling back to the starting point, first doing a short-lived clean-up.
Then it broke through the strong resistance at 107000 in the morning, while the overall white plate is in a downtrend, with the strong rally pulling back to a low of 102000, and then starting a fluctuating mode in the afternoon.
After the liquidation of the white plate, the market adjusted in a short horizontal manner, and in the evening, the turnover in the market increased.
Currently, the hourly level is continuing to rise, with strong momentum in the short term. Today's downgrade of the U.S. credit rating has a short-term impact on the market. The three major U.S. stock indices fell at the opening, and in the evening, with an increase in trading volume and whales supporting Bitcoin, the market rotated again, with a pressure level at 107800 and a support level at 103500. If the momentum remains strong in the future, there is a chance for another upward breakthrough.
Now looking at ETH, the hourly chart shows a drop of nearly 200 points from 2590 on Sunday morning, with long shadows pulling down to around 2300, and two rounds of five consecutive bearish candles showing a significant decline. Although there were rebounds in between, they were not sustained, and the overall white plate is in a correction phase. The price rebounded slightly after touching 2312, but the strength was weak.
In the short term, the market is still on an upward trend, and if the upward momentum continues, a breakthrough of 2580 is within reach. There is hope for a breakthrough of 2600 in the future.
I used to have a conservative assessment of Ethereum, but it is undeniable that it is one of the two cryptocurrencies in North America that can approve spot ETFs.
With its unmatched ecological prosperity, its core position in the cryptocurrency field remains solid. Although SOL has been developing rapidly recently, it is nearly impossible to shake Ethereum's dominant position in the short term.
As the market heat for Ethereum rises, key areas in its ecosystem such as Layer 2 networks, decentralized finance (DeFi), and blockchain games (GameFi) will also welcome development opportunities.
Today, Youmi has been continuously trading short on the high end, with the white plate's big cake closing at 4418 points, and the aunt at 79 points.
Investors need to control their positions and strictly set stop-losses. Don't blindly chase after fluctuations, and pay attention to macroeconomic data and policy trends to flexibly adjust strategies.
#BTC挑战11万大关