Bitcoin, Ethereum, Today's Market Interpretation
1: #BTC The big coin started to grind around the high point of 95400 last night, the first wave pulled back to around 94500 and did not go down, continuing to rebound, peaking again back to around 95400, then started to decline, breaking below 94000 only around 7 AM, hitting close to the 93500 support before rebounding. As of now, after 4 hours it has rebounded to the highest point of around 95100 and is starting to grind again. Overall, the big coin's trend remains unchanged from yesterday's analysis, the trend is still upwards. Now it depends on whether the high point can break through, or if the pullback can create a low point. As long as the pullback does not fall below 91500, it continues to look upward.
The strong resistance above the big coin is still at 95500, small resistance at 95150, small support below at 94200, and key support at 93500.
2: #ETH The second coin has been a bit stronger these past few days, peaking yesterday around 1840 before pulling back, then the lowest pullback was around 1780 before starting to rebound. As of now, it has rebounded to around 1810. The second coin looks like it has the momentum to break out and catch up, so for those opening positions, please pay attention to this: if it breaks above 1850 and stabilizes at 1860, be decisive in cutting losses.
Ethereum will upgrade next month; I don't know if there will be speculation. If so, the probability of a breakout will increase, potentially hitting around 2000.
For the second coin, strong resistance above is at 1850, small resistance at 1820, small support below at 1770, and key support at 1750.
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