#ETH
《Trend Changes - Current Market Analysis》
A fruitful week is coming to an end, and the overall market remains high, reaching a bottleneck. The questions now are whether to break through the bottleneck and continue rising, or to retreat and start a correction; whether to take profits or to consider larger profits. Let's listen to Taka's analysis of the current market, hoping it can be helpful to you.
Firstly, Ethereum allowed everyone to buy around 1630 and reach 1800, bringing significant gains. Many are concerned about when such an opportunity will arise again. From the daily chart, 1800 is a strong resistance level for Ethereum. The premise for continuing bullishness is that the price must hold above 1800 at 8 AM during the line change, with further resistance at 1850.
Operationally, one can focus on the 1800 level; if it holds, aim for around 1850, and if it breaks, go short. The support below is around 1770. Due to the weekend, significant fluctuations are not expected. Attention should be paid to Monday, as the possibility of a correction is high.
Bitcoin has a good trend, and today's rebound further solidifies the support at 92000. From the 4-hour chart, resistance is around 95500. The trend is good but has reached a bottleneck. A volume increase is needed to break through this resistance to lead the overall market to rebound again.