5.2.BTC.ETH.Noon Highlights
The Bitcoin finally broke through the top of the horizontal range last night. As long as the daily line stays above 95700, it will be a clear breakthrough. As it stands, Bitcoin has indeed stabilized. Only Bitcoin has truly broken through; the Ethereum wave can only be considered a piercing and does not count as a real stabilization. We can only confirm the breakthrough once the daily line stabilizes above 1850. Currently, Bitcoin has experienced a small pullback after breaking through and is now trying to continue its upward movement. Next, pay attention to the previous high around 97390; if it can break through, there will be a chance to continue to challenge the strong pressure area between 985 and 993. However, if it cannot break through, there may be another pullback in the short term.
Today, Bitcoin is focusing on the support around 96150. As long as it does not fall below this level during the pullback, there is still a chance to continue upwards. The upper pressure levels are sequentially at 97390, 98450, and 99400. If it dips to test support, pay attention to the lower levels of 95350, 94100, and 92800.
Ethereum is focusing on the support at 1825 today. As long as it can hold this level, there is hope for the trend to continue. The upper resistance areas are at 1870, 1900, and 1930. If it falls below 1825 during the pullback today, the 1-hour timeframe may enter a correction, with support levels looking down to 1805, 1750, and 1730.